No one is happy about it... but the downturn in the economy and the trend towards the outsourcing of jobs means many people are not able to stay current with house payments. Ying and yang, right? For every bad there is a good.In this case bad is providing exciting boom times for knowledgeable foreclosure investors... that's good!
Here's the real story...with the increase in foreclosures, it has never been easier to find discounted real estate and make staggering profits.
In this series of lessons you will learn the five basic opportunities presented by properties in foreclosure and our exclusive recommendation on the one that carries the lest risk with the most profit potential. At the end of the course you'll have a clear idea of just why one method is the most practical and profitable.
So let's get started...
FIVE WAYS TO BUY FORECLOSURE PROPERTY
There are five basic ways to find foreclosure bargains. All but one of them gives the buyer ample time to do the research that is necessary for a safe and profitable purchase. That research includes title searching and investigation of the financing. You will even have plenty of time to buy a little professional help if needed.
Be careful here! The opportunity that seems the most exciting, buying properties at the trustee's foreclosure auction, is also the most financially dangerous. The purchasing process at the trustee's sale requires each buyer to make his own thorough investigation of both title and debt on the chosen property within a limited time frame.
OK, that's an over view of what you will be learning in the next few days. Now lets get down to specifics.
There are five primary ways to buy real estate affected by foreclosure...
FORECLOSURE PROSPECT LIST
1. REO Lender
2. Trustee's Auction Sale
3. Junior Note Holder
4. Delinquent Seller
5. Owner in Default
Upcoming lessons will cover each of these investing opportunities.
* This series was written by an investor and not an attorney. Nothing here should be considered legal advice. If you have a question about any contract ask an attorney BEFORE SIGNING!
Here are great resourses for profiting with pre-foreclosures...
If you've ever missed a million dollar opportunity you need this! The explosion in home foreclosures throws down the greatest wealth building opportunity in the last TWENTY YEARS!
Foreclosures are at all time highs. Learn here how to market to find motivated sellers & buy their homes for a discount. Everything you need to profit...Customizable forms included.
Because of all the foreclosures, banks are willing to discount the loan amount still owed. This is called a "Short Sale". Find out how to get banks to discount up to 40% and you keep the profit.
Solid, easy to read, step-by-step foreclosure training manual that gives detailed instruction on how to invest in foreclosures. Over 160 Pages of Information, no fluff or sales ads, just pure foreclosure investing strategies.
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