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Old 10-29-2007, 03:51 PM
Jeff Casterline Jeff Casterline is offline
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Default Locating Short Sales & Foreclosures

I have a client who wants me to focus on finding short sales and foreclosures for him to buy. What is the best way to find these types of properties?
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Old 10-29-2007, 03:58 PM
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Default Re: Locating Short Sales & Foreclosures

You don't have a way to search this through your MLS? If there is not already a built in search for this, can you search for keywords in the remarks sections? Surely, there must be a way through your local MLS.
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Old 10-29-2007, 04:00 PM
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Default Re: Locating Short Sales & Foreclosures

On my MLS you can set up a search that way
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Old 10-29-2007, 06:58 PM
Jeff Casterline Jeff Casterline is offline
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Default Re: Locating Short Sales & Foreclosures

I don't think our MLS has that. I guess I will need to double check. Thanks.
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Old 10-29-2007, 07:46 PM
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Default Re: Locating Short Sales & Foreclosures

Did you ask him why he wants you to focus on short sales & foreclosures?
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Old 10-29-2007, 07:52 PM
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Default Re: Locating Short Sales & Foreclosures

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Originally Posted by ericbramlett View Post
Did you ask him why he wants you to focus on short sales & foreclosures?
Sounds like an investor. I bet he wants to get a steal on a house.
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Old 10-29-2007, 08:26 PM
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Default Re: Locating Short Sales & Foreclosures

I would focus your client on the best "deal" out there which may or may not be a foreclosure or short sale.
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Old 10-29-2007, 08:41 PM
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Default Re: Locating Short Sales & Foreclosures

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Originally Posted by Discover Davis Homes View Post
I would focus your client on the best "deal" out there which may or may not be a foreclosure or short sale.
That's my point - 95% of the short sales/foreclosures out there are NOT good deals...there are many "investors" who want to focus on foreclosures because of the misconception that they're all a steal.
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Old 10-30-2007, 03:15 AM
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Default Re: Locating Short Sales & Foreclosures

Interesting to read. I also assumed that foreclosures would pretty much always be a good deal. At the time when I was buying, I didn't know how to find them either. I guess it didn't matter since I found a great home anyway.
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Old 10-30-2007, 06:27 AM
Jeff Casterline Jeff Casterline is offline
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Default Re: Locating Short Sales & Foreclosures

He does think he can get a better deal on a foreclosure. And yes, I did make my opinion known that there are going to be better deals out there and focusing on foreclosures is not the way to go. But he keeps coming back to that.
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