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    My Rental foreclosure/REO Purchase story

    Sorry folks,I have been busy. I will post the ending by this weekend. Thanks.
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    My Rental foreclosure/REO Purchase story

    The price that I won at along with the 5% fee ended up being net below 30k or so of market. However, there's another twist to this story.  Here's a hint to the 4th and final part :I shall name it "Attack of the evil thugs at US Bank".  >:D.   
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    My Rental foreclosure/REO Purchase story

    There's more to this story. I came in around 58k below market. Sorry, I was not clear in my last post. But the story is done yet..
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    My Rental foreclosure/REO Purchase story

    The realtors that US Bank had hired weren't able to sell the house, so they sourced it to a private auction company.
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    My Rental foreclosure/REO Purchase story

    The auction company didnt care how you financed this. In my case I had a loan approval with x amount down etc.  They only wanted 5% upfront since that was their total fee in the transaction.  This was non recoverable if you couldnt get the financing done.
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    My Rental foreclosure/REO Purchase story

    With this auction you had to pay 5% upfront. The rest you finance ( I had my loan approved through John Wheaton) or pay cash, but there is a clause that you close escrow within 30 days.
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    My Rental foreclosure/REO Purchase story

    He gave up 2/3rds of the way  :)
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    My Rental foreclosure/REO Purchase story

    Martin and I did our homework before I showed up... ;)
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    My Rental foreclosure/REO Purchase story

    Ok, guys, here's part 3 of 4 . Hopefully wrap this up in next few days. By this time the clock was ticking. We knew we had to be out of the house by May and we really had to do something. Before we hired Martin we had registered for Shea Homes in Brea, Toll Brothers in Yorba Linda and Las...
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    My Rental foreclosure/REO Purchase story

    Sorry guys, its been a long few days, but here's the next part.. I will post more soon, but I figured that I atleast provide another part to this.. :) I immediately tried contacting the attorney representing US Bank. Being that this was right after Christmas of course I couldnt get a hold of the...
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    My Rental foreclosure/REO Purchase story

    Guys, there's no way can USC can make this story as juicy as I can!  ;) ;)
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    My Rental foreclosure/REO Purchase story

    Sorry guys, I had to take my son to ER, due to stomach flu. It's been crazy the last couple of days. Will post soon.
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    My Rental foreclosure/REO Purchase story

    ps9...dude ..don't ruin the movie  ;)
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    My Rental foreclosure/REO Purchase story

    Hahaha guys...I will add to this tomorrow..let me slowly milk my 15 minutes of fame :D
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    My Rental foreclosure/REO Purchase story

    Folks, I just wanted to post my own personal experience here.. This is part One... By the way much thanks to Martin Mania( USC) and John Wheaton( Solvent Green) for helping me through this nightmare... About 15 months ago we rented a house in OC(not going to mention what city because most of...
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    San Marino is hurting

    We finally went by Lambert Ranch today. I can see why San Marino is not selling. Lambert was packed..the homes are nicely done. Landfill, cell tower and rest of all the negatives are not going to matter to many people. It's easy to walk into their models and get carried away.  I like the wok...
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    Las Ventanas by Taylor Morrison at Portola Springs

    We signed paperwork and backed out  the following day. The backyard and mello Roos were the biggest issues we had with Las Ventanas.  The sfr bang for buck is the best in irvine but the MR is $5000.  The house we were getting has still not sold since early March. 26 seedling is the address.  It...
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    TIC apartment exit cost

    Qwerty, let me wrap it up this week and I will pm you. I just want to start escrow  before I tell the whole world.. FYI..we looked at Sevilla too..but the motor court just didn't work for us..I gave a low ball offer anyways but they rejected it... USC , you are right, John and Laura are indeed...
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    TIC apartment exit cost

    Thanks man. We went with plan 3,  and got a great deal on upgrades, closing costs and design dollars. Plus had a friend be my designated "realtor" so I will get most of the co op back. Everything helps... Wife liked oak creek but just couldn't handle muradian as only realtor in oak creek  Seems...
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    TIC apartment exit cost

    Thanks, but rode a CBR900 "fire blade" during my single days so it's the only cool sn I could think of :)
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