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Hi Rebecca,
I too am interested in finding properties that are in the process of foreclosure in Victoria. I live in Melbourne. How do you go about finding them. I know its a bit sad taking advantage of someone else's misfortune, however if I don't someone will.
Love to hear your thoughts. If you want to email me directly. try [email protected]Cheers Jonathan
Hi Keely,
Thanx for responding to my posting.
The entire town is going through changes as far as Heritage is concerned. They are making some final decisions next week after a long wait. I feel confident my place will be one of the listings removed as there is nothing at all heritage about the house.
I am very excited which is what makes the deal lots of fun. The process, the journey etc..The worst case scenario is that I will get plans made up and sell it as is. There are so many options here. The property can have a business on it, (as long as it is not an office or retail) although it has a res 1 code on it. So for example there is a KFC across the road and an optometrists next door. I can go that way, or reno the front and add 2 small units at the back (the council is not objective to the idea of adding 2 or clearing the land for 3 units (after heritage is settled)).
As far as the debt is concerned, the company will pay the debt.
Feel free to offer an y advise, suggestions or ideas.
Cheers Jonathan
