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Buying Foreclosures - Knowing Why Helps You Buy
One big potential deal-killer in buying foreclosures is the homeowner. If the homeowner does not trust you, buying their home (even at a foreclosure auction) can become a greater challenge. To prevent this setback, you need to build trust with the owner -- and building trust requires you understand where they are coming from. People don't stop paying their mortgage because they don't want to pay, but rather because of factors that afflict everyone at some point in time. Knowing why the owner is losing their home can help you connect with them and gain their trust. Three Main Reasons People Lose Their Homes Armed with this understanding, you will be much more likely to gain the trust of the homeowner when you meet them, than going into the meeting blind. ABOUT THE AUTHOR: George Roddy, Sr, owner of Foreclosure Listing Service, Inc., has provided timely, accurate, useful data regarding foreclosure real estate in Texas since 1964. Learn about their "How to Buy" workshops at their Foreclosure Listing website.
MORE RESOURCES: The ‘Most Colorful Home in Queens’ Has a Dark Secret The New York Times Exclusive | NYC Real-Estate Firm Nears Deal to Buy Troubled Office Landlord Paramount The Wall Street Journal Smotrich: Gaza a potential real estate ‘bonanza,’ Israel talking with US about dividing it up The Times of Israel DHHL Delays ʻEwa Real Estate Swap To Make Sure Donation Isn’t ‘Dirty Land’ Honolulu Civil Beat Deal With Real-Estate Investment Trust Helps Bring Down Another U.S. Hospital Operator Organized Crime and Corruption Reporting Project | OCCRP 'Nepo homebuying' isn't as popular as it used to be. That's actually a bad sign for the US real estate market. Business Insider Opendoor to expand nationally after stock bull run, C-suite shakeup Real Estate News by RealEstateNews.com Salisbury’s August real estate sales The Lakeville Journal Shoring Up Your Agent Force: Recruiting and Retention in the Changing Real Estate Landscape RISMedia Sugar Pine Village honored as 2025 Best Real Estate Project of the Year by Sacramento Business Journal TahoeDailyTribune.com Smotrich says Israel sitting on a 'real estate bonanza' in Gaza, talking to the US about dividing it up The Times of Israel Big gains for Real in DC; a Coldwell Banker M&A in NJ Real Estate News by RealEstateNews.com Mortgage rates approach 6% as Fed makes first rate cut this year Real Estate News by RealEstateNews.com This $1.6 billion deal is a sign that the worst of the crisis in office real estate is in the past MarketWatch Rays' top leadership steps down ahead of team sale as real estate developer readies takeover CBS Sports How AI will transform commercial real estate Fast Company Gale Associates, Inc. Appoints Alan Craigo to Lead Florida Office Boston Real Estate Times How the East Baton Rouge commercial real estate market is performing Baton Rouge Business Report Bess Freedman on Real Estate as Rates Fall Yahoo Finance World Property Ventures to Launch Digital Real Estate Bank Banking Exchange Bezalel Smotrich says settling Gaza could offset war costs The Jerusalem Post Davis Hires Alexander K. Zabik to Lead Strategic Credit Platform Boston Real Estate Times This Pennsylvania Home Experienced the Most Absurd Renovations in the History of Real Estate CandysDirt.com CREF Roundup | Week 38, 2025 Frost Brown Todd RNR People in Real Estate – Texas & more Realty News Report M&T Bank: Continually Reallocating Away From Commercial Real Estate and Toward Consumer Lending Morningstar Do you find that real estate buyers on the South Shore are more decisive in the fall, aiming to close before the holidays? fireislandnews.com Fall '25 Real Estate Guide The Timberjay Calvin Harris accuses financial adviser of stealing $22.5M for 'boondoggle' real estate project NBC News How Stacey Caito Combines Innovation and Heart to Transform Real Estate in Northern Virginia International Business Times S. Korea’s NPS takes minority stake in Nordics real estate firm Pensions & Investments Best Real Estate Projects 2025: California Firefighters Memorial Expansion The Business Journals Real Estate Transfers Messenger-Inquirer Post Real Estate Group buys affordable housing property Rancho Cordova Apartments The Business Journals Rice Real Estate, Lincoln Property Co. announce plans for The Arc, significant expansion of Ion District Rice University Where Does Gordon Ramsay Live? Exploring the Chef’s International Real Estate Portfolio Architectural Digest Real estate experts launch AI-powered consulting firm The Business Journals I'm a Real Estate Investing Expert: Optional 721 UPREIT DSTs Can Be the Best of Both Worlds Kiplinger Steps from the Sea Florida Weekly The area real estate market settles down goldendalesentinel.com Gulyas joins Portfolio to cover real estate market Talking Biz News Clear Secure (YOU): Evaluating Valuation After Launching Real Estate Partnership With Fidelity National Financial simplywall.st Austin is becoming a buyer's market, new real estate reports say CultureMap Austin Happening in the Hamptons Podcast: The Inspiration Behind 55 Wickatuck Drive in Sag Harbor Hamptons.com When Will Be the Best Time to Buy a Home in 2025? (Hint: It’s Coming Soon) National Association of REALTORS® The 36 Top L.A. Real Estate Agents of 2025 The Hollywood Reporter |
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