With the current slump in the economy and a weak real estate market, talk of “short sales” is rampant in the industry. Bank collapses and the meltdown of sub-prime mortgages has resulted in a record number of foreclosures. While this is quite devastating to most homeowners, the real estate investor can take advantage of this [...]
Foreclosure auctions can present a tremendous opportunity to real estate investors. While many get-rich-quick infomercials portray the process as easy, there are some things the investor needs to know before jumping right into buying up foreclosed homes.
The Foreclosure Process
It takes time for a lending institution to actually foreclose on a property in mortgage arrears. Homeowners [...]
As a real estate investor, you must realize that one person’s misfortune can be your opportunity to profit. In a housing slump, there are many ways to make money by investing in real estate and targeting properties with a tax lien is one of them.
How Are Tax Liens Levied?
Delinquent taxpayers usually are given every opportunity [...]
For real estate investors, a housing market slump produces a prime opportunity. As banks struggle to deal with a large amount of foreclosures.
Properties that do not sell at auction are referred to as Real Estate Owned (REO). Usually the reason for this is that the homeowner owes a mortgage loan for more than the property [...]
If you have had your property foreclosed on by your lending institution, you may have a right to reclaim your home. In some states, this is legal if it can proven that foreclosure was the result of personal circumstances which have since turned around. There is a pre-defined time period during which this is possible; [...]
Investors looking for foreclosed properties need a variety of ways to find leads in order to keep their real estate portfolio full. The best way to accomplish this is to either skip the middleman, or possibly become the middleman yourself.
Use Your Telephone
When you are in the business of investing in foreclosures, you will want to [...]
Property investing is a solid way to build wealth, even in a down-turn economy. The trick is to avoid pitfalls and ride the economy until the market improves.
How To Deal With the Threat of Foreclosure
Anyone who invests in real estate know that the threat of foreclosure is a real one. However, as an investor, you [...]
