Circles

It got up to 82 this afternoon. When I got to the Walton County Courthouse, it was really delightful. Probably in the 70's. Blue skies. Fleecy clouds. A number of carrion-eaters on the plaza in front of the doors to the courthouse. Waiting for a cheap meal.

They should know. There are no cheap meals. And very little opportunity to purchase. I don't know why they stand and wait. I think most of them are rookies in this game. They seem so. I performed a foreclosure sale on the steps of the Muscogee County courthouse in Columbus. When I got to the steps, a man in a sport coat and khaki pants met me and asked me if I was the man who was selling a particular property. I was. So we started the play. After reading my part and announcing the bid price, he offered a higher bid, by a dollar.

No one else was there. The property was knocked off to the gentleman in the blue blazer. He walked away and came back in his car, endorsing the back of cashier checks sufficient to get me the money needed to complete the sale. This was the action of someone who knew what he wanted and knew how to get it.

Not like the normal guys hanging around the courthouse steps, a pad, pen and copy of the local newspaper in hand. The normal guys are nervous, full of questions. They don't exhude confidence and knowledge.

There are people who know what they want. But they are very few and far between.

That is why I think that there is money in properties purchased on the courthouse steps. But most of the money is made earlier or later. Either by purchasing property for a discount from the borrower or buying it at a discount from the realtors after the foreclosure.

The crows continue to circle. We live in perilous times.