From: ehcorp1@lycos.com
Newsgroups: misc.invest.real-estate
Subject: Re: Anyone have advice on an eviction after foreclosure?
Date: 3 Jun 2004 11:26:22 -0700

lendaniels@hotmail.com (Dan) wrote in message news:...
> "case"  wrote in message news:<2i7am6Fk66d5U1@uni-berlin.de>...
> 
> 
> > I'm sorry but are you sure you have the tools to be a foreclosure game
> > player?  You seem a little weak on both knowledge and common sense. 
> 
> Why do you assume that my goal is to become a "vulture" like yourself?
> I have no intention of becoming a player. I'm tired of renting and
> simply wanted a house... I don't have a ton of money to play around
> with, and I figured this could save me a few bucks.
> 
> If I got in over my head, oh well. I'll dig myself out. Thanks for the
> tips, they will help. As long as I don't end up like Tyrone's friend,
> I should be OK.


Color me confused.  You don't have a ton of cash but you did have the
cash to buy this foreclosure, right?  What is your payment story? 
Didn't you pay cash for a trustee's deed to the property?

Here, vultures bid, pay a $5K deposit with the balance due within
24-hours.  Often the $5K gets paid but then wanna-be excuses are
forthcoming rather than the balance in cash.  As an old banker (Donn
Clarkin) told me 20 years ago ...  "People in the foreclosure business
are bigger flakes than the people in foreclosure".