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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: Grand County real estate transactions for May 25-31 SkyHiNews.com Atlanta-area residential real estate market sees shift in buyer priorities Rough Draft Atlanta NYC broker fee law — which protects tenants from costs — challenged by real estate agents in 11th-hour push New York Post Inside Hugh Jackman’s Breathtaking Real Estate Portfolio amid Divorce from Deborra-lee Furness People.com Florida real estate: Surge of condo and townhome listings on Treasure Coast outpaces sales Treasure Coast News With Strategic Investments in Real Estate, Broward Health is Expanding to Meet Community Needs southfloridahospitalnews.com Legal lessons from Portland’s commercial real estate uncertainty The Business Journals Berkshire region real estate sales – May 30, 2025 The Berkshire Edge Teams are rising — is your brokerage ready? Real Estate News by RealEstateNews.com Is ‘Married to Real Estate’ Cancelled? What We Know Country Living Magazine Real Estate Newsletter Articles this Week: Case-Shiller National House Price Index Up 3.4% year-over-year Calculated Risk Department of Taxation and Finance dos.ny.gov Danish real estate firm Thylander plans 100MW data center in Esbjerg Data Center Dynamics Atlanta's legal landscape: How law firms are shaping the city's real estate future The Business Journals A primer for emerging real estate and private equity funds The Business Journals See how much real estate prices have changed in Petaluma in the past 2 weeks The Press Democrat Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring - Crowell & Moring LLP Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring Crowell & Moring LLP Real Estate Magnolia Reporter Agent Spotlight: Joe Herzberg The Grand Junction Daily Sentinel Brokerage Beat: ENRG is on a mission; gains at CB, Compass, Sotheby’s Real Estate News by RealEstateNews.com Grand Rapids real estate veteran breaks off to start new firm with son Crain's Grand Rapids Business Atlanta Ranks Among High-Risk Housing Markets: Will it Crash? Norada Real Estate Investments Peter Thiel warns of ‘catastrophe’ in US real estate — but sees ‘windfall’ for 1 class of boomers. Yahoo Finance A real estate dynasty on the brink — and the prince struggling to save it The San Francisco Standard OT Real Estate Spotlight of the Week: 246 Fern Hill Drive The Owensboro Times American Dream? More Like a Real Estate Nightmare Bloomberg.com Ex-Silver State Health CEO, real estate investor indicted in $2 million embezzlement case KOLO | 8 News Now How commercial real estate brokers stay sharp in their craft Orange County Register Real Estate Stocks To Research - May 31st MarketBeat Dodge County Real Estate Transfers Fremont Tribune NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES DECLARATION OF REGULAR MONTHLY DISTRIBUTION PR Newswire As Google retreats from real estate, will it still build the 15,000 homes it promised? - Tech Xplore Navigating Thai real estate The Phuket News Real estate sales in Peoria, Tazewell and Woodford counties for May 31, 2025 Peoria Journal Star Relitix rolls out expanded market share tracker HousingWire Here are businesses on the move in Marin, Napa, Solano and Sonoma counties The North Bay Business Journal Real Estate Transfers Rocky Mount Telegram Opendoor could drop off NASDAQ if stock doesn’t rebound Real Estate News by RealEstateNews.com Market Basket real estate could come into play Eagle-Tribune News | British Columbia rejects real estate industry's call to ease short-term rental clampdown CoStar Contrarian Commercial Real Estate Investors Can’t Get Enough of the Uncertainty Commercial Observer Westmoreland County Real Estate Transfers The Latrobe Bulletin As Google retreats from real estate, will it still build the 15,000 homes it promised? The Mercury News Is the Lake Oswego real estate market slowing? Lake Oswego Review Historic Main Line estate where John F. Kennedy gave campaign speech lists for $5M The Business Journals House Passes Tax Reform Package with Key Wins for Real Estate National Association of REALTORS® Holding Steady: Intown’s real estate market chugs along despite economic shockwaves Rough Draft Atlanta North Idaho real estate demand outpaces supply as prices rise Bonner County Daily Bee Berkshire County Real Estate Transactions for May 12-16 The Berkshire Eagle Redfin declares metro Denver a homebuyers’ market The Denver Post Don’t Trust Your Co-op Board? Here’s How to Take Over. The New York Times Wealthy Americans are making a surprising decision when they set up home in California city Daily Mail |
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