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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: 2 Real Estate ETFs With Opposite Strategies: HAUZ Spans the Globe, ICF Bets Big on the U.S. Yahoo Finance Miami overtakes Los Angeles and New York as world's riskiest housing market for bubble risk Fox Business $375,000 Homes in Pennsylvania, Missouri and Michigan The New York Times 'Hidden' housing costs are sinking homeowners Business Insider Exclusive | Zach Bryan shells out $13M for NYC townhouse with nearly 2K square feet of outdoor space New York Post 'Craziest time I've ever seen:' Calif. real estate agents feeling whiplash amid global uncertainty SFGATE A Conversation About Trust in Real Estate National Association of REALTORS® HomeServices CEO ‘skeptical’ of real estate’s litigation trend RealEstateNews.com Domestic REITs or International Real Estate? State Street's RWR and RWX Offer Very Different Answers. The Motley Fool Why Real Estate in 2026? Apollo Academy Your Neighborhood, Our Expertise: DC’s Most Trusted Real Estate Team Bethesda Magazine City Council considers 2-cent increase to real estate tax C-VILLE Weekly Boca Raton Real Estate | Why More Young Home Buyers Are Choosing Compass Agents Champagne & Parisi Real Estate Cartoons: Real Estate Ruckus The Saturday Evening Post Nebraska ag land values decline for second consecutive year Nebraska Today Former Real Estate Entrepreneurs Launch United Water Restoration Group in Henderson - 1851 Franchise In HelloNation, Real Estate Expert Peggy Kadow Discusses the Competitiveness of the Manitowoc, WI, Housing Market Yahoo Finance eXp makes pre-market deal with Homes.com, Realtor.com RealEstateNews.com Who survives the real estate recession? What the top 1,000 brokerages reveal Inman Real Estate News Canopy Real Estate Partners Closes $75 Million Inaugural Real Estate Fund Yahoo Finance Singapore Reassessing Alexandria Real Estate Equities (ARE) After A 46% One-Year Share Price Slump simplywall.st NAR CEO Emphasizes Member Participation at NextHome Conference National Association of REALTORS® Pbbr expands real estate team with Chloe Robinson Iberian Lawyer More Population, Multinationals, and International Investors Behind the Transformation of Miami Real Estate Funds Society Alabama real estate market: a new outlook for spring The Bama Buzz Real Estate Outlook: What Current Trends Mean for Northeast Northeast News KC HAUZ vs. VNQI: How Do These Two Real Estate ETFs Compare on Yield, Cost, and Performance? Yahoo Finance CALV Hosts May 7 Mixer for Real Estate Professionals Nevada Business Magazine Spaghetti Warehouse site back for sale as redevelopment plans falter The Columbus Dispatch Oldest Americans Hold 26% of Real Estate Wealth FloorDaily.net Sarasota, Manatee real estate market a mixed bag Business Observer Real Estate Transactions | March 2-6, 2026 Republic-Times | News Lake Tahoe Real Estate Guide: Cabins, Lakefront Homes, and Mountain Properties Worth Knowing About herald-dispatch.com RWR Owns U.S. REITs. HAUZ Owns Real Estate Across the Globe -- and Charges Less for It. Yahoo Finance SDG&E warns about new scam targeting real estate agents, homeowners fox5sandiego.com Luxury Real Estate Firm Moves into Historic Flecha House San Diego Business Journal Jamestown home sold for $3.29M tops latest Newport County sales Newport Daily News Five-bedroom Powell home sells for $2.95M in top transfers The Columbus Dispatch Why eco-friendly design is the new luxury in Florida real estate The Invading Sea NYC’s top deals: Olympia Dumbo penthouse trades for $16M The Real Deal Blue Owl Capital raises £350m for net-lease real estate fund IPE Real Assets How AI nearly derailed $50 million real estate deal Fox Business RWX vs. ICF: One REIT ETF Stays Home, the Other Takes Your Real Estate Portfolio Global The Motley Fool Peter Thiel warned real estate ‘catastrophe’ will deal massive blow to young Americans. Is his prediction coming true? Yahoo Finance Canopy Real Estate Partners closes $75m inaugural real estate fund - Institutional Real Estate, Inc. Canopy Real Estate Partners closes $75m inaugural real estate fund Institutional Real Estate, Inc. Majestic Realty Collective Releases 2026 Resort Report Highlighting Real Estate Trends Across the Mountain West ACCESS Newswire Homebuyers and Builders Look Ready for a Truce Advisor Perspectives A real plan to fix New Hampshire’s property tax crisis: Muns Seacoastonline.com REAL ESTATE | The Beauty Collective to open in Shepherd's Centre in West Bend, WI By Jessica Valind Washington County Insider Bluerock Private Real Estate Fund Declares Distribution Increase for May and June 2026 - PR Newswire Hamilton Zanze Completes Acquisition of 254-Unit City Limits Apartment Community in Southern MultifamilyBiz Cumberland Farms to Acquire 57-Location Coen Markets Chain in Major Expansion Move Boston Real Estate Times Murder charge filed in 2011 death of Ashley Okland in West Des Moines The Des Moines Register Oregon Waterfall Listed on a Real Estate Site Draws a State Offer The New York Times RDC clears path for closing on Trades District hotel real estate deal, project history reviewed The B Square Bulletin Dallas City Hall review turned to real estate experts who ultimately backed relocation - Dallas News K-Prop Announces MOA Bridging South Korean Real Estate with Global Web3 Infrastructure - TradingView Better Real Estate ETF: Vanguard's VNQI vs. iShares' ICF The Motley Fool |
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