Home Seller Assist has incredible real estate programs that can save you up to 50 percent on a dollar on a future investment.
That means that you can save BIG on foreclosures, preforeclosures, sheriff sales, bankruptcies, tax liens and FSBOs across the country every day on Home Seller Assist Programs. And you can do it all with our Web Site FREE MEMBERSHIP Trial.
But what is the difference between these various property types? More important, which of them should you spend time pursuing?
The simple answer is that there is no best type of foreclosure to buy. All three types (i.e. foreclosure, preforeclosure and sheriff sale) in the process have great profit potential. Therefore, the decision has to be based on what type foreclosure investing best suits your personality or investment preference.
Bankruptcies, tax liens and FSBOs - So, for the purposes of this newsletter, which is to get you familiar and comfortable with distressed real estate, we will focus primarily on the "Big Three" foreclosure opportunities available to you.
Below are descriptions of the three different foreclosure stages, as well as several key points to consider when interested in them.
Preforeclosure
This is the phase when a homeowner defaults on his or her mortgage payments and the lender initiates legal action to begin the foreclosure process. A property is considered to be in preforeclosure until either it is sold prior to a sheriff sale, at a sheriff sale or the default is brought current by the homeowner.
Key points to consider in this stage:
Sheriff Sale
This is the phase when homes in default are scheduled to be auctioned off by the respective lenders at public sales. These are often held either at the local courthouse, in front of the property or at an auctioneer's office. The actual location varies by county and state. It's one of many methods that lenders leverage to liquidate their real estate inventory to get it off their books as soon as possible.
Key points to consider in this stage:
Foreclosure
This is the phase when a property that was not sold at the sheriff sale to an investor or homebuyer is taken back by the lender. Since lenders are not in the business of managing properties, they are usually very interested in selling them as quickly as possible. A foreclosure is also referred to as a Real Estate Owned (REO).
Key points to consider in this stage:
Armed with this information, let's now determine which type of foreclosure is best for you, which, as stated above, really comes down to personal preference, as well as time commitment.
For example, if you feel that there is no way you could approach homeowners to offer to buy their properties because you are just too uncomfortable, then you should focus on sheriff sales and foreclosures.
If you prefer not to compete with a bunch of investors (or homebuyers) at the auction, or if you don't have a flexible enough schedule that allows you to attend auctions, then you should focus on preforeclosures and foreclosures. Also, if you don't feel comfortable negotiating with banks for their properties then you should consider preforeclosures and sheriff sales.
The bottom line here is that the decision is really up to you. And over time as you begin to pursue and close deals you'll soon realize which investment strategy works best.
Still not sure or need a little more guidance about what path to travel down?
We've got you covered ... as usual.
Most of this information was taken from "Get Rich Buying Real Estate Foreclosures," which gives you all the tools you need and step-by-step instructions on how to find, analyze, negotiate and purchase real estate foreclosures at discounted prices with little or no money.
The comprehensive Home Seller Assist is packed with educational information and resources that ensures first-time and experienced real estate flippers alike pocket as much cash as possible investing in foreclosures.
To learn more about "Get Rich Buying Real Estate Foreclosures" CLICK HERE.
Find out more on tonight's Live Webcast Every Tuesday & Wednesday at 8:00pm EST 7:00 CST, 6:00 MTN, 5:00pm PST (Listen by phone at 712-432-3000 pin 337452)
Register or Join Now, this program is so hot, that we had over 10,000 show up last week and hundreds of investors and agents are joining daily to rake in profits.
Making money with this program is like fishing in a stocked pond!
Register or Join Now!!!!
LISTEN TO THE THIS RECORDED HSA PRESENTATION CALL!
618-355-1770
This call could change your financial situation!
If you don't have a username and password make
sure you click on the FREE TOUR button
Melanie Rogers
MasterMind Team
"Home Seller Assist Program"
Career Training as a Real Estate Note Consultant
Learn the Insider Secrets of Real Estate Investing!
E-mail: june11@bellsouth.net
Cell: 225-328-4233
Comments(0)