Posted by Donna LaBelle on 4/4/08 9:36pm
Msg #242252

suggestion for a bit of money

If you have a foreclosure auction coming up in your area, call the auction company- they need people to conduct the open houses in the homes that are vacant and up for auction

Reply by Pat/CA on 4/4/08 10:00pm
Msg #242254

I'll be darned! I never thought of that. Thanks for sharing. Do you know if the pay is reasonable. I would think so since we'd be trusted to conduct open houses.

Reply by Teresa/FL on 4/4/08 10:26pm
Msg #242257

I have seen these opportunities posted on Mystery Shopping

listing sites. Here's one:

ShadowShopper Job # 5934603 Project Description: National Auctions of Foreclosed Properties

To be considered for these and other jobs you must go to www.pinkertoncompliance.com and register as an agent.

Pinkerton Compliance Services, part of the oldest investigative company in the United States has opportunities in your area.

This posting is going to shoppers/agents in the areas that require service this month.

Payment - $60.00 per four hour assignment

As an independent agent of Pinkerton Compliance Services;

You will allow access to individuals who are interested in purchasing the foreclosed properties.
As a condition of payment, you will be required to obtain, complete and return all paperwork online in the required 12 hour time period. The jobs are usually 4 service hours per day and 2 to 3 service days per property.
You are at the property to allow access, hand out literature, assist in the auction process and secure the property when leaving.
You will give no information about the property or value.

To be considered for these and other jobs go to www.pinkertoncompliance.com and register as an agent.

You will receive an email once you have registered and have been approved to work. (usually with in 48 hours)

Once approved to work, you may claim jobs.

Thank you,
Pinkerton Compliance Services
Office :732-842-1518
Office :866-712-9694
Click here to apply for this job opportunity

Reply by Pat/CA on 4/4/08 10:48pm
Msg #242260

Yikes! No thanks - not for those $. Are they nuts? n/m

Reply by Teresa/FL on 4/4/08 11:07pm
Msg #242261

"Are they nuts?" - Yes, not worth the time, IMO n/m

Reply by Linda Juenger on 4/4/08 11:35pm
Msg #242262

Doesn't sound very safe either. Alone in a foreclosed home n/m

Reply by Pat/CA on 4/5/08 12:01am
Msg #242266

Really! Hadn't even thought of that yet! n/m

Reply by SueW/Tn on 4/5/08 4:30am
Msg #242282

Now I'm confused

I was under the impression that NO WALK THROUGHS were allowed on foreclosed property, that it was an "as is" purchase situation. IF there were walk throughs no one would bid on some of the completely gutted properties that are all over the place.

Reply by CF on 4/5/08 7:17am
Msg #242286

Re: Now I'm confused

Well, that is a good point. I guess that you could pass out the infomation and just stay in your car....no reason for you to go in the house.

Reply by sue_pa on 4/5/08 7:29am
Msg #242287

same here

The bank doesn't own the house until they purchase it at the sheriff's sale so they have no right to enter into the property nor to show it to anyone else. Individual buyers here either 'gain entry' to look around or check out what they can see through the windows. Homeowners can stop the auction in PA one hour prior to the sale so it's theirs until the gavel slams down. To the best of my knowledge, again for PA, banks don't even market the houses until weeks after the sale.

Reply by desktopfull on 4/5/08 8:01am
Msg #242288

It would appear that CA doesn't have the strict private

property laws that PA, FL and other states have. Someone had something about posting foreclosure notices on the property in CA in an earlier thread, that isn't done in FL either. The foreclosure notices have to be published in the newspaper twice in the legal notices before the auction at the courthouse. All it takes is someone living on the property to file a bankruptcy within an hour of the auction and it stops the whole foreclosure case until the bankruptcy has been discharged.

Reply by Joan_OH on 4/5/08 8:47am
Msg #242292

In Ohio

There are so many that are already foreclosed on, the sellers (banks) are handing them off to Auction Companies for Auction. Maybe this is the type of "Open House" they are looking for. Prior to foreclosure, no one is allowed in the house, but like Sue_pa area, investors gain access or peek through the windows.

Joan-OH

Reply by CaliNotary on 4/5/08 1:13pm
Msg #242314

You're right Joan

The auction companies hold an open house on the property on one or two days and that's the only opportunity the bidders have to check out the inside. It's really to their benefit because a lot of the foreclosed properties around here are in really good shape and giving people the opportunity to see that is bound to increase bids.

Reply by Pat/CA on 4/5/08 9:04am
Msg #242293

I thought the "as is" refers to the condition...

of the property only. Then again, I don't know a lot about this topic.

Reply by NCLisa on 4/5/08 6:47pm
Msg #242344

I would say that these are REO properties

that the banks are getting ready to sell at auction and/or available to those that buy the foreclosure lists. The lenders really want get rid of these properties prior to having to pay an agent to list them. While the properties are sold "as is" you get to preview them, to know what "as is" actually is.

A foreclosed property that actually ends up going all the way through to being listed by an RE agent to be sold, costs the lender an average of $75,000 by the time it is sold. Think of the loss, all the attorney fees, maintaining the property, unpaid and current property taxes, hoa dues, commissions, etc.

Reply by Donna LaBelle on 4/5/08 8:03pm
Msg #242351

Re: I would say that these are REO properties

I just contacted the auction company and then a guy called me. They pay $50 to be on call for a property and $150 per day to actually be at the property for the day. It isn't hard to do and I met a lot of nice people and handed out my business cards to alot of them.

Reply by Michelle/AL on 4/6/08 12:26am
Msg #242371

Thank you for posting this information, Donna. n/m