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Auction opportunity: Ranch or equestrian property in Snohomish
March 20, 2011 /Every week over 150 properties are scheduled to go to auction (trustee's sale) in Snohomish County. On Friday, March 25th, a property in rural Snohomish is scheduled to sell on the courthouse steps, and it represents a great opportunity for anyone wanting acreage or equestrian property for under $275,000. The structure is a daylight rambler with over 3,400 square feet of living space, with 4 bedrooms and 2.5 bathrooms. The home needs a little TLC, but the real appeal of the property is the 15 acre lot. For those looking for equestrian or even small ranch potential, this is a unique opportunity to buy horse property wholesale. We have investors that will loan cash to qualified buyers on the day of the auction, and even a resource to start an automatic refinance into a contemporary home loan after you purchase the property. The property is occupied, and we want to be sensitive to the situation that the owner is facing, so we're only making further information available to those that schedule a personal consultation to go over the details. If you're interested in learning more about this property or taking advantage of opportunities similar to this, please fill out the…Read more
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How I lost my roommates
December 12, 2010 /Trevor is my brother-in-law. I've been helping him and his wife to find their first home over the last couple of months. We made an offer on a bank-owned home in Edmonds that was accepted, but in a long and twisted tale of banking regulation gone wrong, they had to give up that home and start their search over again. They also had to move - they had given notice at their apartment complex and their unit had already been rented out. So that's how I gained two roommates :) Trevor and Liz were originally hesitant to consider properties sold at trustee's sale, but being forced to live with me encouraged them to look at all options. After watching a few properties that would normally be outside of their price range sell well within their range, Trevor and Liz threw themselves into the process. They were pre-approved to borrow funds at auction, received a username and password to search our trustee sale database, and started driving properties that they were interested in. Trevor bid on a home at auction every week for three weeks prior to Thanksgiving, barely losing out on all three. He was being conservative at my insistance…Read more
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Pickett Street investor purchases at trustee’s sale
November 19, 2010 /Last Friday, new investor Ron Wong purchased his first investment property at a steep discount (67%) in South Everett. The home was a very well cared for 1955 built rambler on a great street and large lot with a detached garage. Ron met the owner earlier in the week with me (John McCants) and toured the house. The owner had been trying to work with one of the largest banks in America on a modified payment plan for over two years with no success. He was unable to afford the repairs the house and the house ultimately went to trustee sale (auction) and sold to our investor. The property needed a new roof, some landscaping, and touch-up on the inside to hardwood floors and paint. The home has two remodeled bathrooms and a new kitchen. It is very unfortunate for the previous homeowner that he could not keep his home, but to Ron, it was a opportunity to do what he has dreamed about for years: build his wealth by buying real estate at wholesale. Ron plans to complete the work in the next few weeks as the previous homeowner moves out and re-list the property with the Pickett Street…Read more
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Knock, knock: Gaining access to a home going to auction
November 10, 2010 /I was in the field yesterday driving a few "Hot Properties" with a investor client. We were driving the list of properties with bids we had and few that looked hot based on their location and debt amount that did not have specific opening bids. We found a couple homes that were not so hot and marked them accordingly to update our website, but we found a couple properties with valley views of the Snohomish River and one overlooking Puget Sound and views of the Olympic Mountains that were wholesale values prime for auction purchasing. At one property in a really good neighborhood of Everett we found a nice home occupied by the owner. The homeowner toured the house for us and explained in detail all he had done to update the property and what was wrong still needed updating. We asked why he hadn't worked out the situation with the Bank and he said he had been trying for over 2 years with no success. We discussed that issue for a few minutes and left the home with the owners contact info for use later. After leaving the home my investor stated "that was a great house and great…Read more