Foreclosure Secrets Revealed

Archive for 'The Ins and Outs of Choosing Your Investment' Category

How do I find the very best investment in the shortest time?

Research is the key. The first place you should go, is your local Realtor. They can easily and quickly search through the MLS and find you lots and lots of foreclosures. The key to finding the good deals is checking on new listings daily. Most of the time the really good deals only last a [...]

The internet, is a powerful tool to find, research, and buy REOs.

I have gone through and checked out a great number of Foreclosure sites and here are my very favorites and un-favorites. foreclosure.com : excellent site! Very easy to use, also gives you addresses on a map for ease of finding the properties. You also get a free week to try out the site before committing [...]

Is it better to buy a foreclosure, or a short sale?

There is a big difference between a short sale and a foreclosure, although both might be a really great deal for the buyer. The big problem with short sales is you never know if the bank will actually take the price they have put on the property. A short sale means that the owners owes [...]

How do I know it is a good investment?

This is one of the most important questions to ask yourself. Another TRUE STORY will illustrate this point perfectly. Meet Zack and Sara, they are first time homebuyers wanting to buy a really good deal. Anne, a Realtor in my office, immediately shows them some excellent buys. Nothing is quite what they want until they [...]

Best ways to safe guard my family and my finances from my REO investment.

Have a plan!!!! So many people don’t think any further than being able to get the property. What do you want to do with it? Rent it, flip it, live in it. Have a written down, well thought out plan that has complete agreement from everybody involved. Get the “Team’s” vote! Then BEFORE YOU BUY [...]

Pre-Qualified what does it mean, how do I get it?

Pre-qualified is very important when putting in offers on foreclosures. Pretty much all the banks require you to have a pre-qualification letter from your lender in order to put in the offer. If you are paying cash you need to have proof of funds, like a bank statement, or a letter from your bank saying [...]

You have found the Perfect Property, now what?

Now is the time to gather your “Team” and show and discuss all the good and the bad in relation to the property. In proving to them why this is a good deal it will show you what parts of your plan might need work and will help you to refine your offer. The offer [...]

The offer process.

Why have an agent? If you are buying a property using an agent is the best way to get a great deal. It’s free to buyers! And you are utilizing all the knowledge the agent has to help in your transaction. Some agents belong to the National Association of Realtors. Which is an impartial managing [...]

The Escrow Month, inspections, contingencies, and earnest money.

Ok so now you have an accepted offer, now what? Now you begin the Escrow time, usually a month, which is the time to get everything set up so the property can close. Hopefully as smooth and as on time as possible. It used to be we would start with inspections, now though, we tend [...]

Healthy homes, lead hazard control, radon, off gassing, what to test for.

In this age of heightened awareness about harmful chemicals in our clothes, in our air and on our skin causing life threatening illness, how do you know what is best and healthiest in your home? What should you test your new foreclosure for? The way to know what to test for is to take a [...]