OfflineSix weeks ago we put in an offer on a REO that was about to go to auction with Hudson & Marshall. The bank countered back dropping about 6K; we countered their offer by increasing 1K; they dropped another 2K but then held firm. The property went to auction but did not bring the number the bank wanted, so Hudson & Marshall put it at "post auction" bidding. We tried bidding again, but to no avail. We then received a call from the auction co. & they negotiated a purchase price with us ... we agreed, sent in the contract with a $ 2500 earnest money deposit; thinking it was a done deal ... boy were we wrong; Jill noticed it was again on the Hudson & Marshall website for "post auction bidding." Even the REA didn't know what was going on, after another week we received an email that the bank was accepting our offer.
It just goes to shows PERSISTANCE pays off !
6 Week Battle w/Hudson & Marshall;Gary & Jill Victorious
Posted on: Fri, 03/02/2012 - 13:20
6 Week Battle w/Hudson & Marshall;Gary & Jill Victorious
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- by gceriani
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This is an excellent property to wholesale ... Great Neighborhood; 2 bed/2 bath/1 car garage with 1593 sq. ft. living under central A/C. Built in 1995; it has vaulted ceiling in the great room; breakfast nook; office; 11' X 14' carpeted finished screen porch that can have heat/air installed increasing living sq. ft. to 1747; also has a 12' X 12' wood deck. Accross from Golf Course. Property Taxes are $ 1311 per year, if homesteaded (primary residence) $ 725 per year.
Has new interior paint & carpet, needs about 2K in cosmetic work; APV is about $ 69,900. Wholesale price is $ 49,900. PM me for pics.
Thanks !
all of Florida, one house at a time!! Good job.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Those homes should be in New York. There will be no homes of that price on the market. Well done.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Thanks, but only Citrus County houses so far ... we'll have to branch out further together!
I think the prices are the only thing that keep these houses moving down here ... Thanks.