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Foreclosures...must be a magic word - Your invited

By
Real Estate Broker/Owner with WEICHERT, Realtors®-Towne & Country 60937

...to Ty's BIG Foreclosure BLOG Event

It is amazing to me (there goes my Freudian Keith Whitley fascination again) that by simply placing the word or words "foreclosure", or" short sale, REO, Bank Owned, etc.", into a property description gets so much attention these days. Of my listings the only properties that get any action lately have been the ones that are, or are on the way to being foreclosures, or for rent. Who has conditioned the buying public to look for these words? But is this really good or bad? I say both depending on who it is in relation to in the transaction, as there are 4 key stakeholders in every foreclosure type transaction. (Five if you count the American taxpayer who may ultimately be the one left holding the bag, which may be good or bad but that is an entire different series in and of itself.)

But to really explore the question and give an answer I think your must look at both sides of the issue, and what are the real underlying issues. So for the next week or two I am going to focus on the following series of questions and answers, and offer my famous theory on each of them, and I may even get into my favorite topic the psychology behind the current market. In the next several posts I will outline the parties involved and the process, identify the good and bad for all four parties, offer my theory on the whole mess, show why buying a foreclosure can be good but not always, show whey there are opportunities with listings that are not foreclosures out there, and most importantly offer strategies for each party to capitalize in the market today and how to find the real deals. Plus anything else I think of along the way I feel is worth rambling about. 

The one catch is this, you only get the strategy to capitalize one by email so you either have to subscribe to my BLOG, its FREE, or email me directly, as it is not something I want to give to just anyone, as it really is my strategy moving forward. Fair enough? See you Monday for the first installment of Ty's BIG Foreclosure BLOG event, if not sooner....