AFTER the AUCTION - Posted by larryotb

import · January 20, 2003, 11:29am

Posted by Ronald * Starr(in No CA) on January 20, 2003 at 17:16:59:

Larry–(OTB?)-----------------

This is a viable investment strategy, usually called buying REOs or Repos. Put those terms into the search function on this main board forum of this CREONLINE.COM site and you will find so many posts you will not be able to read them all in one day.

Just don’t waste time approaching lenders that have sold properties that are insured by FHA or the VA, they turn them over to those agencies which market in their own inimicable fashion.

Good InvestingRon Starr********

import · January 20, 2003, 11:29am

AFTER the AUCTION - Posted by larryotb

Posted by larryotb on January 20, 2003 at 12:29:51:

I was wondering if you guys had success w/ foreclures that were not sold at auctions.

Did you guys contact the bank’s attorney the following monday. Did you Fed-Ex a deposit to these attorneys?

Please advise.

import · January 21, 2003, 12:57pm

Re: AFTER the AUCTION - Posted by TeddtB_SC

Posted by TeddtB_SC on January 21, 2003 at 13:57:58:

No!!! On my first one I partnered with two co-workers and we contacted the bank right after the sale and had an accepted offer by 4:00 p.m. that day.

TeddyB_SC