Offlinei recently visited realtytrac.com. (i hope i am doing this right) i noticed a $ amount on the preforecloser listings. what does that $ amount represent in respect to what one might start making offers to that paticuler property? an answer to my would be greatly appreciated or where i might go to find the answer
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When a property is in Preforeclosure could be the price they want or what is owed on the property. In this economy it could be anyones guess. Normally when someone is in preforeclosure they are either "underwater" or they have no equity. Once you do the comparibles, if they owe more than that amount, you may consider doing a short sale.
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I have found a few houses on forecloser alert that were in preforcloser the amount that they owed on the houses were for a good price and the trade value was great how do i go about getting the house do i contact the bank or the owner and if so what do i say ?
I'm a little confused also, in the software I have it list the "estimated value" and the " amount of default" Does that mean they owe the "amount of default"? Or is that how much they are behind?