Crunk Times, My friend.....Crunk Times

[mokedaddy 5,000+ posts]

Here are a few:
I will include the link to current selling price as a reference:

http://www.homes.com/Content/ListingDetail.cfm?ZipCode=37127&FirstRec=1&OrderBy=price%3AD&RelatingTo=properties&Bedrooms=&FullBaths=&MinPrice=&MaxPrice=130000&PriceRange=&AmenitiesList=&PropType=P&RecsPerPage=9&TotalRecs=22&PropIdList=3_65031431,3_54530976,3_54752315,3_64595041,3_65022463,3_65698787,3_62445180,3_62874584,3_63314063&PropId=63314063&NHC=1&searchorig=main

http://www.homes.com/Content/ListingDetail.cfm?ZipCode=37127&FirstRec=1&OrderBy=price%3AD&RelatingTo=properties&Bedrooms=&FullBaths=&MinPrice=&MaxPrice=130000&PriceRange=&AmenitiesList=&PropType=P&RecsPerPage=9&TotalRecs=22&PropIdList=3_65031431,3_54530976,3_54752315,3_64595041,3_65022463,3_65698787,3_62445180,3_62874584,3_63314063&PropId=62874584&NHC=1&searchorig=main

http://www.homes.com/Content/ListingDetail.cfm?ZipCode=37127&FirstRec=1&OrderBy=price%3AD&RelatingTo=properties&Bedrooms=&FullBaths=&MinPrice=&MaxPrice=130000&PriceRange=&AmenitiesList=&PropType=%2A&RecsPerPage=9&TotalRecs=106&PropIdList=3_52178492,3_52178495,3_65031431,3_54530976,3_54752315,3_64595041,3_65022463,3_65698787,3_62445180&PropId=65022463&NHC=1&searchorig=main

It appears those were just listed today or else they just put that for all the properties.

 

[mokedaddy 5,000+ posts]

The second one there was a nice loss on selling it last year.

Im guessing the first two have been flips or foreclosures while the third one looks more like they actually lived there for the last seven years.

I would feel out the first two and try and see how desperate they are to sell.

 

[mokedaddy 5,000+ posts]

What does that mean? Would that help explain what was going on in 2006?

It helps to see what kind of deeds and mortgages were filed yes.

The recorders office is the place where all documents relating to property are filed. Deeds, mortgages, assignments of mortgages, etc.

When you buy a house they title company does what is called a full search. This goes back 60 or 40 years (depending on state) to make sure there is a clear chain of title and that all loans have been satisfied except for the current owner. Also if you know what you are looking for it also can tell a story as to the property.

I will check tomorrow if I can get them online, other wise you would have to go to the recorders office and pull them if you want the info.

 

[mokedaddy 5,000+ posts]

I assume once you find one, it is relatively easy to find others...

It has the book/page of the land book on the assessor's page. Its the register of deeds, not the recorder's office in TN but they are the same thing. Different states call them different things.

Most of the time they are more than willing to help you find what you are looking for especially since you can take the parcel number, owners name and address into the office which is also found on the assessor's page.

Or I could probably find you an abstractor to get into touch with and they can pull the searches for you but it will probably cost a little bit.

 

[SyKo13 5,000+ posts]

You 2 is teh weirds......

 

[bdawson72 5,000+ posts]

I really really miss being able to spend hours posting. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

 

[XxSuperAdamxX 10+ year member]

How do you get so many post?

 

[XxSuperAdamxX 10+ year member]

I've only posted like 347 times and it feels like i've been posting forever.

 

[Chevillac 5,000+ posts]

Put all your money into Bear Stearns, and then buy a house

way too late. once it hit hte news it was too late.

 

[WhoSayWho? 5,000+ posts]

Flip, the value the tax office places on a home is useless for everything except estimating what your taxes are going to be -- and even then you don't know whether it will change.

One problem that you may run into with this 90% of appraisal issue is that appraisers have this little habit of appraising things at or just over the contract purchase price.

 

[WhoSayWho? 5,000+ posts]

But wouldn't I get it appraised in advance of making a bid? Or is the appraisal just for the bank?
I have a fear this strategy is going to require me to spend $400 a pop getting appraisals and then not being able to negotiate the price down. From your comments, the bank appraisal occurs after my bid, not before it.

Typically the appraisal does occur after there has been an offer and accpetance of that offer. I know it seems backwards, but the alternative is to take a chance on losing $400-500 on an appraisal everytime you are interested on a house. While you are waiting on the results of the appriasal, the sellers enter a contract with some other buyer.

And yes, the appraisal is more for the lender than anything else.

 

[WhoSayWho? 5,000+ posts]

Whoa. This conversation certainly has maintained.

I tried to change the topic to tatas long ago. Had I known that you are Irish I would have suggested tatars.

 

[mokedaddy 5,000+ posts]

I tried to change the topic to tatas long ago. Had I known that you are Irish I would have suggested tatars.

We will need pics of tatas in order to change the subject