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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (32)	7/1/2001 8:25:09 PM
From: Jason W	Read Replies (1) \| Respond to of 306849

LG, Thanks for the links. Those sites, as well as all the foreclosure sites I have visited, are short on info. They are really trying to sell memberships to their lists of foreclosures. I did receive a couple of nice PM's on the subject, and will keep anyone who cares to follow my story, informed on my pursuit. As an entrepreneur and semi-risk taker, this field has piqued my curiosity. Even if my "target" property falls through, I will certainly pursue others in the near future. And if that 18 year cycle holds true, I should have many more properties to evaluate in the next few years. Regards, Jason

To: HairBall who wrote (32)	7/1/2001 9:46:21 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 306849

This is an old scam. It used to make the rounds of late night TV infomercials. It worked (for a while) in the 80's when real estate prices were on the rise. I guess it's making a comeback. The whole thing is predicated on finding a desperate seller in a buoyant market. Of course, in a rising market you don't need to find distressed sellers, and the about-to-be foreclosed should be able to get a bridge loan to allow getting market value. I never did quite believe that 'No money down' part. Caveat Emptor as always. CD