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Joe B
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On 0:47am, December 11th, 2009 sduss said:
Proof of funds
Sounds like around 620&183 area.
Were those comps based on sold or listed?
Is this an REO? or a pre-foreclosure,or-
Try using an intent to purchase to make offer to agent.
If you assign your position quick you won't have have proof of anything.
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Seeking assistance
I have a question(actually a couple) on
how to proceed. Following deans book (BARM)-I've gotten to know my area well for investing possibilities. A 4BD-2BA house in this VERY NICE neighborhood is 4sale via agent for $120k. Every house around this house (via Comps)go for $160k-$200k. This is a Grade A neighborhood with much stability and very attractive. Is there a "Formal offer sheet" to make an offer to an agent ONCE i see the inside of property and determine nothing unusual (crackd foundation;etc)? I want to offer $100k(should i try Coastal for proof of funds-I got bad credit and no $). If accepted-I would like to assign for maybe $10,000 so investor gets @50k+ in equity. Thoughts anyone....?