Investing in Foreclosures and Pre Foreclosures
It is possible to make a sizeable profit on both pre foreclosure and
foreclosure investing.
For anyone not yet familiar with the term
"pre foreclosure," it can be defined as: the period of time that
occurs...
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Investing in Foreclosures and Pre Foreclosures
It is possible to make a sizeable profit on both pre foreclosure and
foreclosure investing.
For anyone not yet familiar with the term
"pre foreclosure," it can be defined as: the period of time that
occurs between the filing of the notice of default or a foreclosure
lawsuit by the lender and the actual date that the property is
scheduled to be sold at a trustee s sale or public auction.
It is a
period of time that can range anywhere from three to ten months.
Of course, most people already know that "foreclosure" refers to
the bank s process of transferring the title of a house or other real
property used as security for a loan, as a way of paying off that
loan by involuntarily selling the property.
There is currently a lot of interest in investing in pre foreclosures.
The snafu lies in the seeming inaccessibility for the layperson to
actually accomplish the feat of procuring them.
It takes a lot of diplomacy to persuade a
distressed
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