Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

So, You Wanna Buy Pre-Foreclosures?


So you wanna buy pre-foreclosures? or at the courthouse steps? So many people ask us about this. Here's our '30 second seminar' on it. If you're going to buy PRE-foreclosures--after the seller is behind on her payments, but before the lender's auction date-then there are some pros and cons to consider.

Pros: 1) you've got a good possibility of buying the house subject-to the loan from a very motivated seller who just wants out. 2) you don't need to do any marketing, just read the foreclosure notices (more on this later), pull some comps and do drive-bys. 3) There are several *thousand* foreclosures published each month, in the greater Atlanta area-plenty to choose from.

Cons: 1) You've only got about 3 weeks (to beat the courthouse auction) to contact homeowners and get signed contracts, title work, funding, etc. 2) Most pre-fc homeowners are in denial about their situation and/or mad at the world due to all their stress and debt collection calls they get. Soooo, they're usually not very open or friendly to you and your offer. 3) Most really good deals are redeemed (caught up) by the homeowner, and the foreclosure cancelled, just before the courthouse auction.

Say you decide to jump in and 'play the PRE-foreclosure game'. We'd recommend you subscribe to the Atlanta Foreclosure Report at www.equisystems.com/default.htm (about $600/yr and we don't receive any commission for recommending them), and get the monthly list online. Also, consider doing a lot of bold, cut through the clutter mailings to the pre-foreclosures you're considering, to get their attention and have them call you. Remember, their mailbox and answering machine is filled with debt collection stuff. You need to stand out, and hit them often. You might want to mail a different neon postcard or lumpy mail (trash can, stick of dynamite, handcuffs, etc.) *every few days*, until they've grown to like you or are curious enough to call you.

If you choose to skip pre-foreclosure and actually buy foreclosures at the courthouse steps-then you're dealing with the foreclosing attorney and the lender, not the homeowner. The biggest things to keep in mind is you're expected to pay all cash by the END of the auction day; you'll have to run your own title exam in advance; and you'll probably have to guess what condition of home interior is since homeowner may not have let you inside. Another option is to buy the note/mortgage for cash at a deep discount, direct from the lender, prior to the courthouse auction. You don't have to deal with the homeowner that way, but you do have to have access to funds, and you will still have to do your own foreclosure after you buy the mortgage.

Best of success & abundance,

Lou Castillo

FREE! Real Estate Investing Secrets To Earning $100,000 Your 1st Year! -- 11 Overlooked Real Estate Statregies That Will Turn Your Investing Business upside Down And On The Fast Track TO Success...Guranteed! Plus A Bonus Track With A Secret So Successful It Can Double Your Investing Income Overnight!

http://www.InvestorSuccessTactics.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

The Blockchain For Real Estate, Explained
Forbes
There is a lot being written about blockchains, bitcoin and related technologies, and for many real estate professionals, this is part of a brave, new, confusing world of technology. Like the original internet, the blockchain is a revolution in ...



Los Angeles Times

Fox News host Sean Hannity's real estate holdings draw scrutiny
Los Angeles Times
On Feb. 6, conservative media personality Sean Hannity brought his longtime financial advisor, William Lako, on his popular radio show to talk about money. "For 25 years, you've watched me start with nothing, right, pretty much?" Hannity asked Lako ...
Sean Hannity Faces Conservative Criticism Over Real Estate DealsTIME
Sean Hannity's Real Estate Empire Includes Okemo CondoSeven Days
Will Sean Hannity's Secret Real-Estate Empire Get Him in Trouble at Fox?Vanity Fair
HuffPost -Politico -Slate Magazine
all 156 news articles »


Forbes

Real Estate Market For Spring 2018 Is A Good News/Bad News Story
Forbes
The Spring 2018 real estate market is a good news/bad news story. A recently released report from Arch Mortgage Insurance points to affordability slipping, inventory declining while interest rates and housing prices rise. Key findings from Arch ...



Chicago Tribune

'A Home on the Lake': Real estate and racism surface from Evanston's past
Chicago Tribune
The American dream of home ownership is indelibly entwined with our shameful history of racial discrimination. That's particularly true in Chicago, which has served as a laboratory for segregation for decades. On stage, we've seen that history come to ...



Bloomberg

Sears Soars After Lampert Floats Buying Kenmore, Real Estate
Bloomberg
As part of the proposal announced Monday, ESL also made an offer for Sears real estate which includes the assumption of the $1.2 billion of debt obligations secured by the holdings. Regardless of whether ESL becomes the ultimate buyer of Sears assets ...
Sears soars as Lampert floats buying Kenmore, real estateChicago Daily Herald
Sears CEO Eddie Lampert offers tentative deal for real estate, KenmoreUSA TODAY
Sears stock soars as Lampert offers to buy Kenmore brand, real estateIndianapolis Business Journal
Peoria Journal Star -Chicago Business Journal -Sears Holdings Corporation -CNBC.com
all 85 news articles »


The MReport

Global Real Estate Market to Reach $4.2B by 2025
The MReport
Real estate spaces for commercial, retail, industrial and healthcare infrastructure are in high demand with increasing urbanization,” Grand View reported. The report indicated that the American and Middle Eastern Africa markets especially are set to ...



Updated presentation for investors of INVL Baltic Real Estate Vilnius ...
GlobeNewswire (press release)
INVL Baltic Real Estate announces an updated presentation that will be used for the meetings with investors. Compared to the presentation, which was published on 21th December 2017, the Company informs that the information related to the terms of the ...

and more »


Fortune

Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
Fortune
New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



DeSoto Times-Tribune

Real estate agency set for new location
DeSoto Times-Tribune
Last year, we issued 1,392 new permits for new houses, so you can see the trend. We're looking for about 1,500 permits for new houses in DeSoto County. That's 1,500 new houses that didn't exist at the beginning of the year.” “Realtors are the front ...



Ahval

Turks eye-up Greek real estate despite tensions
Ahval
It is no longer rare to hear Turkish spoken on the streets of Greek cities such as Athens and Thessaloniki as the numbers of Turks in such places has skyrocket by more 1,000 percent since 2015. But unlike the hundreds of thousands of Turks who holiday ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA