Question on conference call, 2.10.09

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  • Vic Huerta
    February 11, 2009 at 11:50 am
    Vic Huerta

    When Jack was answering my question about the note I was negotiating to buy form a lender he stated: Buy the note and take it immediately to foreclosure.

    Can you explain this in more detail? I am pretty sure you mean after I buy it at a discount? Also, how high can my bid go up to have SAFE exit strategy to cash out? Little confused here, too many options he gave me last night :confused:

    Details:
    Lender looking for offer @ $115,000, Non-performing, SFR.
    Comp?s: 130-140k SOLID
    I offered $51,750.00 (I am waiting for response)

    Thx- Vic

    Vic Huerta
    February 12, 2009 at 2:28 am
    Vic Huerta

    Jack, Jackie or someone who is involved in notes can you help me out here with these questions? Thank You.

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