Hello! Yup - newbie to the whole thing, but I've been diligently searching and found something that peaked my interest. I'm looking at doing an assignment, so keep that in mind. Here are the raw numbers:
House: 3 br/2 ba, stable/upscale/quiet neighborhood. House is showing as in "pre-foreclosure" status on Cyberhomes.com, and has been on the marked for 400+ days (!).
Asking price: 79,992.00 1548 sqft (51.67/sqft)
01/09 appraisal from county website: 133,653.00
median price for 3br/2ba (cyberhomes): 274,371.00
on-line court records show a foreclosure was dismissed in oct of 2008, 1 year ago.
I contacted the agent listed as representing the property who said she couldn't find any info on it.
Aside from the agent's remarks, and based simply on these numbers, I would think this is a "workable" deal in the making. I know the next step is to contact the seller/owner and find their "buttons", but I'm not sure I'm looking at what I need to be looking at, in terms of finding a true "deal" for an assignment.
Ok, guru's! What is your take? Thoughts? Suggestions? Tips?
Quotes about me from other users:
"...high and mighty ... I have to bring the hammer down on them"
- My response: "The view from OUTSIDE THE BOX is a lot better than from INSIDE."