Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
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This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
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Whatever it is you're into and wherever you are, AR surely has a group for you to join.
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Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
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Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
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Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
THERE ISNT A DAY THAT GOES BY WITHOUT SOMEONE ASKING ME ABOUT FORECLOSURES AND HOW TO OBTAIN THEM.HERE ARE SOME BASIC INFO YOU SHOULD KNOW.IF YOU ARE THINKING ABOUT REAL ESTATE INVESTING PLEASE CALL ME DIRECT TO SCHEDULE AN APPOINTMENT TO FURTHER DISCUSS IN DETAILS THE RISK VS. REWARD.
Q; WHAT IS A FORECLOSURE?
A; A FORECLOSURE IS A HOME THAT THE MORTGAGEE HAS DEFAULTED ON.GENERALLY AFTER 3 MONTHS MISSED MORTGAGE PAYMENTS THE BANK STARTS FORCLOSURE PROCEEDINGS.IT COULD TAKE BETWEEN 6 MONTHS TO OVER A YEAR BEFORE AN AUCTION DATE IS SET.
Q; HOW DO I FIND THESE FORECLOSURES?
A; THERE ARE NUMEROUS WEB SITES THAT OFFER FORECLOSURE INFORMATION ON ALL 50 STATES.I HAVE FOUND SOME OF THE SITES USEFULL,BUTMANY OF THE HOUSES THEY LIST ARE OUTDATED .AUCTION DATES ARE POSTED IN VARIOUS PRINT MEDIA,SO CHECK YOUR LOCAL PAPER. THE PRE-FORCLOSURE HOMES CAN ALSO BE FOUND AT YOUR LOCAL MUNICIPALITY
Q; WHAT IS A PRE-FORECLOSURE?
A; A PRE-FORECLOSURE IS AN OWNER THAT IS 3 + MONTHS IN ARREARS.THESE ARE THE HOMES ALL SPECULATORS (FLIPPERS)WANT. MAKING YOUR DEAL PRIOR TO THE LENDER TAKING POSSESSION CAN YIELD THE GREATEST EQUITY POSITION.
Q;HOW DO I APPROACH AN OWNER IN PRE-FORECLOSURE?
A;MOST INVESTORS WILL SEND A GENERIC LETTERS OR OTHER PRINT INFORMATION TO THE OWNER.
YOU MIGHT TRY SOMETHING LIKE THIS:
HI, MY NAME IS ________ I AM INTERESTED IN BUYING A HOME IN YOUR AREA. IF YOU ARE CONSIDERING SELLING YOUR HOME PLEASE CONTACT ME AT. 888-888-8888.
**DON'T BE DISCOURAGED IF YOU DON'T RECEIVE A REPLY.MOST PRE-FORECLOSURE OWNERS WAIT TILL THE LAST MINUTE BEFORE REALIZING THAT THEY MUST SELL OR RISK LOSING EVERYTHING.**THE SMALL INVESTOR SHOULD UTILIZE A REAL ESTATE BROKER TO ASSIST IN AQUIRING AND MARKETING.THE REALTOR WILL HELP EXPEDITE THE PROCESS.
Q;WHAT IS A REAL ESTATE AUCTION?
A;THE REAL ESTATE AUCTION IS A METHOD TO SELL A PROPERTY THROUGH AN AUCTIONEER OR REFEREE.THE AUCTION INFORMATION,UPSET AMOUNT AND ADDRESSES CAN BE FOUND IN LOCAL NEWSPAPERS
Q;IS IT TRUE THAT THE BEST BARGAINS ARE FOUND AT AUCTION?
A;NOT NECESSARILY THE CASE HERE FOLKS! AUCTIONS ARE VERY TRICKY. SAVY INVESTORS WILL DO EVERYTHING TO OBTAIN POSSESSION PRIOR TO AN AUCTION DATE TO ASSESS THE HOUSE. IS THE HOUSE VACANT? IS IT OCCUPIED? IS AN EVICTION NECESSARY? HOW MUCH WORK WILL THE HOUSE REQUIRE? ARE THERE ANY OUTSTANDING LIENS? WHAT IS FULL MARKET VALUE ONCE REHABED?THE MORE INFORMATION YOU COMPILE THE BETTER. AS ALWAYS TRY AND GET THE INSIDE SCOOP.
INVESTING ISNT FOR EVERYONE.THE REWARDS OF PURCHASING A FORECLOSURE OR PRE-FORECLOSURE ARE WONDERFUL,BUT THERE ARE PLENTY OF RISKS AS WELL.FIND A REALTOR THAT HAS KNOWLEDGE IN THE PROCESS. CALL US TODAY TO SCHEDULE AN APPOINTMENT.718-981-3400.
REGARDS, RON MOLCHO..MANAGING BROKER @ AMERICAN HOMES OF SI
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.