Harley Foreclosure Guy's Discussions

As a bank owned foreclosure specialist I maintain the only site I know of that has real time up to date data on all bank owned properties in the Seattle area.  [content removed by moderator for beiing self promotional]

Investors and homeowners interested in getting rock bottom prices need to take a hard look at what is happening at foreclosure auctions today.  In the Seattle area foreclosures homes are at a peak and interest rates are now at 50 year lows.  Banks are now starting to losen up at the auction and letting some homes slip by for as low as 50 cents on the dollar.  Take a look at

Klarek, What area do you reside and what markets do you follow?

Tiffany,In your post above you stated "most instances".  Do you have some specific examples to share?  My company specializes in foreclosure auctions and has represented several hundred investors in buying foreclosure properties at auction.  We have yet to get an investor into a "bad" deal.I completely agree with you that if you do not know what you are doing there are many, many ways to get a bad deal.  That is why working with a company like our is not only benificial but crucial.

You have another option that nobody had brought up and that is a payment modification.  My company has been successfully completing payment modifications for people and getting some outstanding results.  This is NOT a refinance so you do not have to qualify and you do NOT have to be late or sell your home.  It also does NOT hurt your credit in any way.  Our team of attorneys negotiates with the legal department of your bank and has recently seen reduced interest rates, and even reductions of the balance.  The most recent scenario we just completed for one client was 0% for 6 months, 1% for 1.5 years, 2% for the 3rd year, and back to the original interest rate for the 4th year moving forward.  If this option intestes you contact me and we can take a look at your situation and see if we can help.