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All Forum Posts by: Rashida Furniturewalla

Rashida Furniturewalla has started 1 posts and replied 3 times.

Post: First time STR, where is everyone investing in next??

Rashida FurniturewallaPosted
  • Real Estate Broker
  • East Brunswick, NJ
  • Posts 3
  • Votes 0

Post: Is there an easier way to find out the payoff amount at auction

Rashida FurniturewallaPosted
  • Real Estate Broker
  • East Brunswick, NJ
  • Posts 3
  • Votes 0

Hi Chris, thanks for the reply. Yes, they do the searches for me and in return I refer their services. I don't have time to go to the courthouse myself. 

Post: Is there an easier way to find out the payoff amount at auction

Rashida FurniturewallaPosted
  • Real Estate Broker
  • East Brunswick, NJ
  • Posts 3
  • Votes 0

There is a list of close to 900 properties going to a sheriff's sale within 3 months. The loan amounts are mentioned in the discription on their website but they go for a lot less. One property sold for $36,000 when the outstanding loan amount showed up as $138,000. Would a title search reveal how much is the payoff amount the bank is looking for? What is a better way to weed through this exhaustive list? I use a title company to find out if there are any outstanding liens on the property but I got to give them 2 or 3 properties ...even I get tired after the first 5 pages.

Just to let you know I am a real estate broker who also loves to fix and flip.