investors: The 3 Stages of Investing in Foreclosures - Do you know what you should pay for foreclosure property? - 11/10/10 03:34 PM
Foreclosure is the proceeding in which a Bank or other Secured Creditor sells or repossesses a real property after the Homeowner has failed to comply with their agreement with the lender.  This agreement is called a mortgage or a deed of trust.  This is most common when a homeowner has defaulted on their payments or obligations to the bank or creditor. Depending on the terms of the agreement, the lender now has the right to call the loan due or sell the property to satisfy the debt owed.
The 3 Stages of Investing in Foreclosures:
There are three basic stages of foreclosure, each with specific investing strategies:
1. Pre-Foreclosure
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Jaret Ghent, Expert Real Estate Advice (Vision Real Estate)

Jaret Ghent

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