If you think that you are ready to buy a foreclosed property, you need to narrow the possibilities down. There are three categories of properties with varying risks applied to each. The first option is a piece of real estate that is in pre-foreclosure. The lender has not yet possessed this property, but the owner […]
In today’s market, foreclosures are skyrocketing and someone who pays attention to the market stands a good chance of getting a deal. You have to find them first, though. Some real estate agents specialize in foreclosed properties and have many resources at their disposal to find you a great deal with a minimum of effort. […]
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I have spent years buying and selling homes and throughout my time I always wondered why it was so difficult to find a quality foreclosure listing service. Part of me wondered why banks were not doing more to promote this and why they were not setting up a […]
Right now, there are more opportunities to purchase houses in foreclosure than ever before. Contrary to what you might see on late-night TV or on websites offering information on HOW *YOU* CAN GET RICH WITH FORECLOSURES!!!, investing in foreclosed properties is not a get-rich-quick scheme. It is, however, a get-rich-slowly scheme - *if* you love […]
This is the second article in a series about advanced strategies for buying tax delinquent properties. In my last article “Tax Deed Investing: Can You Still Get Property For Pennies on the Dollar,” I introduced you to Jack Bosch and his Land For Pennies system of buying tax delinquent properties. In this article, I’d like […]
With Foreclosures hitting record limits this year Investors are coming out to get deals and it is a great time to get them. But When you look for foreclosures you see some advertising Foreclosures and some advertising REO’s or Bank Owned properties and some advertising Pre-foreclosures.
Let’s clear up the confusion. Foreclosure is a process - […]
Now may be a great time to buy bank owned properties. These are real estate properties that the banks have foreclosed on and are losing money on. A property that a bank holds is referred to as a bank R.E.O. Some of the properties may have gone through short sale offers that fell through. Maybe […]