Sponsored Links
Flip Videos
Loading...

How to Buy Foreclosures By Helping Someone in Foreclosure  


Article by Jason Loucks
























It’s unfortunate when people lose their homes to foreclosure. However, when you’re in the market to invest in real estate, it can be your (and the sellers) benefit. Foreclosed properties are one of the easiest and fastest ways to make money in the real estate market, as long as you know what you’re doing. There are plenty of ways to buy foreclosed property, and things that you must know before you jump in. So let’s get started!

Every state has different regulations regarding foreclosed property. However, learning how to buy foreclosures is similar no matter where you are. The time frames and exact laws will vary from one state to the next, but the opportunity is the same. You can have access to a complete list of properties that have gone into foreclosure, regardless of whether the loan is 3 months behind or only 30 days into default.

Once the loan defaults, the owner will receive a notice that they have defaulted on their mortgage and the foreclosure process will start. This notice is known either as a Notice of Default or a Lis Pendens, depending on where you live.

In Mortgage Foreclosure States, this process is called, “Lis Pendens”. In “Deed of Trust” States, you’re looking for a “Notice of Default” or “NOD” list. Regardless of the name, the process of Investing is basically the same.

And just so you know, there is no such thing as an exclusive list of foreclosed properties. No matter where you get your Foreclosure list, the properties and owner’s info on it are all the same. It might be convenient to pay someone to deliver the list regularly, but it is public record that you can get for FREE if you want to. You also need to know how to buy low, sell high, and minimize your liability for each deal so that you can do more business in a shorter time frame. There is a lot more to foreclosures than this, of course, but these are three basic principles that will come in very handy along the way.

Buying foreclosed property is easy. There is more than one way to buy foreclosures, and you can do it any way that you like as long as you know what you’re doing. You can even get other people to fund your deals if you’re willing to proposition them. Ultimately, learning how to buy foreclosures will give you an easy and fast way to make a lot of money in the real estate market.

About the Author

For more great Foreclosure Investing secrets from Jason Loucks and a FREE CD on how you can start profiting from Foreclosures, Preforeclosures, Short Sales, and REO’s for yourself, go now to: http://www.PreforeclosureFortune.Com












Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.


Leave a Reply

hogan outlet hogan outlet online louboutin pas cher louboutin pas cher tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher air max pas cher air max pas cher air max pas cher air max pas cher air max pas cher air max pas cher golden goose outlet golden goose outlet golden goose outlet golden goose outlet golden goose outlet golden goose outlet