All Forum Posts by: Morry Eghbal

@Adam Drummond 

It is not hard to understand and learn.

You can do it yourself.

When you bought them through the MLS you got title insurance from the bank.

but buying them at the courthouse step there is no title insurance.

You need find a good title company that will be willing to work with you.

What county you live and buy properties?

and I will tell you how to do your research, YOURSELF.

If you buy at the trustee sale, that sale is not contingent on them giving you clear title is it solely your responsibility. Please do not bid if you can not make sure the title is clear.

there is for example the order of the priority of the liens.

property tax>Association liens if any>City liens>Mortgage lien 1st>Mortgage line 2nd>IRS liens

that means when you buy the property on the foreclosure of the first you are responsible for the property taxes, City liens and association liens.

You really have to educate yourself before you bid....so ask more questions.

Mike there are plenty great realtors in PB that can help you. If you need more connections there send me an private message I get you more name and numbers you can call them.

$0 means they did not have bid yet. Even the auction can start with $1 bid but that does not mean that is what is going to be sold at. We call that a "High Bid" were bank wants to take it back for the least amount of the money to have the biggest loss on the deal. But show up and watch what happens you will have a great learning experience. I you have any specific question...ask "I have bought hundreds of property at trustee sales and I am sure there are some people who have done more than me..so there will always be an answer for a question.

I like 

@Ryan Robbins answer, it comes down to the relationship you have with the agent.

Does any one have a solultion to find the phone numbers to say, absentee owners? I am able to get up to 70% of the phone numbers, I want to know if anyone can do better or has a better way?

What state are you?

Welcome to BP friend.

Jonathon, you could do better. that is too much money to get that return.

Ask the seller to give you 3 weeks to perform and allow you to go to escrow as yourself or assignee to close the deal, if you don't pursue the escrow is automatically cancelled. So then he or she know they are only obligated to deal with you for just 3 week or whatever time you need.

Your difficulty is 3 properties, and the owner who wants to make sure all 3 are sold. Do you have a buyer for all 3 properties?

This is where land trust is so powerful and helpful but most investors do not know how to use it. I used it over 1,000 times. It helps to smooth things out.