All Forum Posts by: Account Closed

accept colleague request don't think my link is allowed on the forum

There are a few HML lenders on-line that will allow you to print out a POF letter from there website without any pre-approval. You simply put in your info the property info and the sellers info and it auto generates.

I don't know because I looked at the MLS and the properties aren't even listed on MLS by the guy that he said is handling the property. They are being handled by a newer agent that I know. They are in the same agency though.

Mr. Giadini I completely agree with that statement, however I always have liked to use the tax website to gain any information I can about the properties. In my area I have always been impressed that the values were close to the comparables in the area. Usually they are about 10k to 15k off, however I've never seen a 70k difference before.

incidentally I also found it amusing. The reason I called the bank about the properties was because I wanted to know who the agent was that was representing them on the properties. The gentle informed me that Mr. X with Real Estate X company was handling these properties. I told him thank you for the information I will be in contact with them, he asked why I hadn't just got the information off the sign in the yard. When I state "their wasn't a sign on the properties" he did not sound very pleased.

I am relatively new to REI but I have been watching some properties that are REO closely for the past few months thinking I might like to jump in the game on some duplexes.

I know that the tax appraisals rarely matches the actual value of a property however the properties I'm looking at are tax appraised between 35k to 40k. I talked to the bank today and decided to search the local MLS and they are asking between 108k to 110k for these properties. Like I said I know that the property value and the tax appraisal are not usually the same but I've never seen such a large gap in price when it comes to these two numbers. Any ideas?

New to REI. I've been learning a lot over the past few years and am now wanting to make my knowledge useful. Still have no hands on experience though and would love any advice or mentoring anyone can offer.