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Pre-Foreclosure Sales: Great For Real Estate Investors.

If you are a real estate investor, then you can take advantage of pre-foreclosure sales. If there is a possible foreclosure situation in some lucrative real estate, then you will most likely be able to purchase the property at a price much lower than the market value. This happens when homeowners find it very difficult to meet their mortgage payments.

You can give some time to the mortgager who has been unable to make his payments on time, and in the meantime, make a deal with the property owner. It will be advantageous not only for you, but also for the other parties involved.

In such a case, the mortgage payment can be handed over by the homeowner to you. The balance of the mortgage can be received by the lender, and you can make a good profit out of the deal. Thus, it is a win-win situation for everybody. However, to make good money from the deal, you should always thoroughly check the property that you are buying.

You should try to ascertain the market value of the property you are buying and the various costs that will go with it when you need to renovate the home. If you have can negotiate well, then you will surely be the winner in this game.

Posted by Sasha Miletic - Windsor Real Estate on 09/27/2008 10:03 AM

Comments (12)

preforeclosure, real estate investors, mortgage payments, negotiate, windsor, canada

12 Comments on Pre-Foreclosure Sales: Great For Real Estate Investors.

OCT

2008

Coeur d'Alene, Idaho - City by the Lake Sasha,

I agree they can be a good investments... but can also be very difficult and time consuming. I know you know, it's Not something to go into lightly!

Also, thanks for commenting on my Post!

OCT

2008

thanks for the comment also on my post.

OCT

2008

Great Blog Sasha,

Some of the best deals I have done have been with pre-foreclosure properties. Thanks for commenting on my blog Real Estate vs. "The Market".

Steven M Parry

NOV

2008

Sasha - Las Vegas is like number two in the nation for foreclosures and the values have gone down almost 75-100 percent in value. There are huge investors running through Las Vegas picking up many of these homes for future investment. Very good post.

Robert

NOV

2008

You have had some great, informational consumer posts on foreclosures. Keep up the good work educating the masses. More people need to be proactive to avoid financial disaster. Thanks for commenting on my post!

DEC

Very well write post and you are so very right about the potential for good income. If only I personally had extra funds to invest, I would be doing some of these on my own behalf...

DEC

Sasha, well written and explained post. You always feel for the seller in the Short Sale situation, but who isn't trying to get the best deal that they can, either for themselves or for their clients.

Also, being a fan of the Broker Price Opinion, this is another excellent idea and area that these valuation tools really come into play.

Love your writing style and how you get right to the point of the article.

What a wonderful story you have to tell about yourself, you are truely amazing Sasha!

Also, thanks for the post on my blog, that was very nice of you Sasha.

Your AR Friend, Ed

JAN

Most true investors are able to compute the costs for rehabbing and time, too many newbies are just jumping in and will soon be on their way out. You can be a winner if you plan it all out.

FEB

It is always good to get a property in pre-foreclosure as an investor. You can get some great prices and potentially make a a great profit. Thanks for sharing. I wish you the best.

MAR

Sasha - Nice Post! Well written and concise! I have sent it to a few customers to get them thinking! I gotta say you make it sound a little bit easier than it is but, I like your thinking! We would probably use a "Contract of Sale" to accomplish this type of transaction. It's a good tool for transaction of this nature!

MAR

Dear Sasha, Thanks for your welcome to AR. I've done a couple of blogs now -- I'm getting into the swing of it. We had a visit from Pres. Obama out here in Los Angeles today...perhaps he'll bring some good Change-vibes with him re: foreclosure trend. Ha! Kidding aside, overall sales are actually on a roll here. Best wishes to you! Rosemary