All Forum Posts by: Gabe K.

Mesa (Maricopa) locals,

How much do you think this house will go for at trustee sale: 260 W. Mclellan Rd.? Thank you.

@Dawn Anastasi We are getting a deed-in-lieu this week.  Anything new happening in this area? Thanks

@Mike Hartzog

 Hi Mike, Richmond Monroe runs O&E reports also.  I use them for all of my file scrubbing, storage, and recording needs so I will try them for my next O&E report.

@Dawn Anastasi Hi Dawn, we have judgement and we're trying to get a deed-in-lieu from the borrower so we don't need to wait another 6 months for the redemption period. Her ex-boyfriend still lives in the house so hopefully he's taking care of it.  Pleas stay in touch. Thanks.

@Shawn Holsapple

 Thanks, Shawn.  Yes, we are thinking about cleaning it up and selling or renting out.

Indy Locals, 

We are foreclosing on a house in Indy (Marion county) and the sheriff sale is coming up in a couple months.  We are trying to figure out how low we need to set the minimum bid in order for someone to bid on this house: 412 N. Warman, 46222.

Any insight would be greatly appreciated.  Thank you.

@Mike Hartzog@Bob Malecki @Wayne SnellThanks, guys! I'm gonna pay the taxes because borrower is really poor and can barely make her small P&I payment.

@Stas Finelt

 Stas, I wouldn't use FCI just because of their insurance.  What type of notes do you need serviced?

Team, I have a note that is reperforming and now seasoned and I am going to sell it. The borrower is way behind on her property taxes and is not in a financial position to pay them.  My question is: do I pay all the property taxes now and then sell the note or sell the note at a reduced price and let buyer pay taxes? Does it even matter?

Thank you.

@Mike Hartzog Hi Mike, they just made a really silly error so I am going to try a different provider now.  I'll let you know how that goes.