There are many different approaches you can take when buying a distressed piece of real estate, however the easiest way is to deal directly with an R.E.O. specialist who has the inventory and listings of the properties in distress. R.E.O. specialists are real estate agents, however perform alot more duties of a regular agent, including paying for the maintenance of the property until it is actually sold, in addition to the marketing of the property as well. R.E.O. specialists will work with the banks directly to negotiate the best price of the home you, so you can save yourself the hassle of having to deal with a distressed homeowner on your own, which could be frustrating.

This would happen in the instance of a pre foreclosure, where foreclosure papers are about to be filed with the county, and you, through your sweat research and due diligence, find out about this, before it becomes public record, and you basically approach the homeowner as a bail out source, to obtain their property, in turn for them not having to face a foreclosure. In addition, you would be negotiating with the bank, without a realtors, representation, which could benefit you, however in most cases, not.

Obviously there could be more of a discount available with less intermediaries, however you need to know what you are doing. In my opinion, a real estate agent and R.E.O. specialist are a vital part of the equation in buying distressed properties, since the transaction is alot more complex then finding a property on your own, through a regular sale.

20,000 foreclosures are filed each month nationwide, and there have been bailout programs proposed in the billions to help these banks fix up these properties. If and when that bill passes, that will aid the R.E.O. specialist in expediting the fix up of these properties, and getting them moved faster. In a housing market that is continuing to bottom out, it might not be a bad idea to look at investing in foreclosures.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Distressed Properties - Making Money With Foreclosure And REO Houses
Distressed properties are quickly becoming an investors dream, but are they profitable? According to many real estate experts, the answer is a resonant "Yes"! -- as long as you know the secrets to success. Experts propose distressed properties, including foreclosure and real estate owned (REO) ... more...

Century 21 Real Estate - Tips For Buying Bank Owned Foreclosures From Realtors
Century 21 Real Estate is a worldwide organization offering residential and commercial real estate. Century 21 Realtors are independent agents who either own a franchise office or work as a representative for the franchise owner. With the abundance of foreclosure properties, many Century 21 ... more...

Make Money Investing In Distressed Properties
If you know the basics of real estate investing, then you know the key to making profits is basic economics - buy as low as you can and sell as high as you can. This is the case with any other kind of investment and real estate is no different. What makes a simple equation into something difficult ... more...

Distressed Properties Real Estate Investing - What You Should Know
When you're looking to make a profit in real estate investing, you need to purchase properties for as low a price as you can then resell them at a higher price. This is exactly what you're looking for when getting involved in distressed properties real estate investing. This is an extremely popular ... more...