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The Basic of a Foreclosure
Short Sales and Foreclosures are inter-related. Under ?Basics of a Short Sale' we see that a Short Sale is a mechanism by which a lender may avoid a mortgaged property going into foreclosure auction by accepting a calculated cost in the form of a discount in order to avoid a far greater unknown ...
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Five More Tips to Make Your Pre Foreclosure Short Sales Easier
1. Vary the type of mail you send to your pre foreclosure homes address list. Keeping your direct marketing material fresh and interesting will help it avoid the trash can. Sending postcards first is an excellent way to get out your name and some quick information, follow up with a more detailed ...
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The Business of the Short Sale Business
One of the primary goals of the Association Of Real Estate Investment Professionals (AREIP.org) is to bring fresh new approaches to real estate investing from new voices with great new ideas. There are a lot of seminars, courses and books on the subject of foreclosure and short sales. Many of them ...
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Foreclosure Investing - Tips For Negotiating a Short Sale
Many sellers of pre-foreclosure homes are reluctant to sell their homes - even though logic suggests that doing so may be their best option. Meanwhile, a lender may also have reservations about allowing an investor - like YOU - to buy a pre-foreclosure property for less than the value of the ...
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The Most Important Thing to Remember When Closing Pre Foreclosure Real Estate
Learn More Tactics with Pre Foreclosure Real Estate You've gone through the process of creating your pre foreclosure letter, using all your pre foreclosure information and now you've got your purchase offer accepted by the bank. Yah! You feel success! But it's not over. Now you're down to the ...
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Exit Strategies When Buying a Pre Foreclosure Part I
It seems like it's not important knowing your exit strategy (what you're going to do with your pre foreclosure house after you get your offer accepted) when you first sit down to share your pre foreclosure information to the seller and before they even sign the purchase contract. But that's not so. ...
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Exit Strategies When Buying a Pre Foreclosures Part III
You must know what you're going to do with the pre foreclosure real estate after you buy it so you know how much money to spend on the repairs. Figuring Repair costs before buying a pre foreclosure short sale If you are going to resell the property, you might want to put in granite counter tops ...
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Exit Strategies When Buying a Pre Foreclosures Part II
Continued from Part I - Pre Foreclosure Information after the Banks' Acceptance Using a Mortgage Broke when Buying a Pre Foreclosure A mortgage broker or bank may also lend you money. Let me say again, in a short sale, you are getting this discount because you told the bank you can close fast. So ...
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Master The Mechanics Of Foreclosure - The Key To Being Effective In Pre-Foreclosure Investing
To confidently compete in the pre-foreclosure arena, every investor must master the mechanics of foreclosure. The events of foreclosure, the timeframes, the disposition of the proceeds of sale, and the effects of the sale ? these are all important landmarks in navigating through the foreclosure ...
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Secrets to Finding Pre-Foreclosures for Short Sales
By far, the most essential step in the short sale process is finding motivated sellers in pre-foreclosure. If you can't find motivated sellers in pre-foreclosure, then it will be very difficult to do short sales. I will share with you a few of my secrets of finding motivated sellers and you just ...
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