All Forum Posts by: Jesse Morrell

Do you think there will be a flood of foreclosures from the economic shutdown? If so, do you think it will drive the prices of real estate down? Banks also hold on to foreclosures and slowly release their inventories to avoid saturating the market and driving prices down.

@Jay Hinrichs haha nice! The low competition is what I like about the auctions. You can get good deals opening bid.

@Scott Bell I specialize in courthouse auctions. Each state is different with regards to things like right of redemption, liens, etc. The due diligence would be a title search, which you can do yourself with the county clerk public records, to search for any liens. You also want to make sure the mortgage lender is selling the property and not a third party auctioning off a lien. And you want to check out the property as much as possible, to make sure it hasn’t burnt down, but if it’s occupied you don’t want to be seen peaking through the windows.

@Angie Shires Donte McClendon is on Facebook.

@Angie Shires my friend Donte McClendon wholesales in Tyler. He also heads up the Tyler meetup that occurs sometimes.

Anyone else working the cash auctions on the courthouse steps? Any stories?

@Kaylee Pratt 350% ROI on my first deal.