D.C. Fawcett asked:


The opportunities that exist in the foreclosure niche are huge right now and they are continuing to grow at a rapid pace. This is spurred by the increase in foreclosure rates across the country being led by California and Florida. Focusing on foreclosure transactions allows you to work on Luxury Homes without the traditional Risk you would normally assume by qualifying and signing for a mortgage.

In the Foreclosure Niche, you take control of a property by “getting the deed” and selling the home to an investor or owner occupant depending on the price range, neighborhood and condition of the house. By Focusing on Luxury and Higher end Home, you can make more profit per house with the same amount of work. When you combine this with the ability to short sale Jumbo Mortgages, You’ve got your golden ticket.

Lenders are extremely flexible on negotiating high dollar mortgages and jumbo loans because they definitely don’t want these houses back. Would you rather make 10% of a 150 thousand dollar home or 10% of a 1.5 million dollar home? The Mortgage Marketplace has created such a large number of defaulted mortgages that it has created unlimited opportunities to do these types of transactions.

This is because of the very aggressive sub prime products they put out in the market place and their loosened guidelines for allowing weak borrowers to buy properties they normally wouldn’t have been able to buy. They did this because of competition needed to get their money out in the market place. The Foreclosure Niche is the Best Niche in the Real Estate Investing Business because:

1. The ability to control High Dollar and High Profit Potential Homes with no Risk.

2. You don’t have to have Good Credit because you don’t have to qualify for mortgages in your own name.

3. You don’t need a lot of money to get started. This business has very low barriers of entry.

4. You don’t need any experience because if you follow my system, it will show you how to create the huge checks by following the step by step system.

5. You can purchase a foreclosure quickly because you have a motivated, cooperative seller.

There are not enough investors in the marketplace right now to handle the volume of homes going into foreclosure. We need more investors and I’m on a mission to create very successful investors that want to get extremely wealthy over the next two to three years.

This situation won’t last forever. Just 3 years ago it was very difficult to find these types of deals. Its so easy now, its pathetic! Take advantage of it while its here.

To get a Free 52 Week Foreclosure Investing eCourse, click this link right now: http://www.dcfawcett.com



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Thomas Bladecki asked:


When an investor is prepared and flexible to invest in real estate it would be wise to look at investing the Las Vegas foreclosure market. With the large number of Las Vegas foreclosure homes, investors should join membership sites because of the information and resources that they have collected and can properly evaluate the current list of home foreclosures. The foreclosure listings will help you out for the suitable home you are looking for.

Las Vegas is one of the fastest growing cites in the United State, dubbed the "Silver State" of foreclosures in America with thousands of foreclosed properties on the market right now, it is great opportunity for real estate investments. Las Vegas foreclosures are on the rise in the present market and it is a prosperous place for investors who want to buy a home at a reduced rate. You can find all kinds or resources and website for foreclosure listings and get the latest information about homes in Las Vegas, which are due to go to auction or that are already set for auctions.

Homeowners are now losing their houses because of foreclosures and getting negative reports on their credit ratings. Therefore, to recover the unpaid amount from the borrower, legal action is taken by the bank or financial institutions. Primarily done by taking or selling the mortgaged property or the deed of trust, there are large numbers of potential buyers who can and will purchase it. Many homebuyers can directly procure the home from the borrower by paying the back payments that are due which the borrower had failed to pay.

There are many great sources of foreclosure properties, which keep investors informed about all the properties and markets across the United States. Therefore, the investor, homebuyer, agent and broker of foreclosures can get the updated information any time without to much trouble and from the comfort of their computer. Investors or potential homebuyers can purchase foreclosed properties through online real estate auctions or you can contact your local real estate agent. The Las Vegas foreclosure market offers a remarkable opportunity for the investor. They can purchase foreclosed homes under market value directly from lenders. Las Vegas is still one of the fastest growing markets in the country and with the steady flow of construction and the gaming industry; it is unlikely that the market will take long to recover from the current slump that is plaguing the United States.

Las Vegas foreclosures are a hot market as it is one of the most prosperous cities in the United States. There are a growing number of investors and homebuyers who purchase houses below market values; a time will come in future when they can resale their property at a higher price and have the potential to profit a lot of money. You can go to a variety of websites and get all the information that you need to make educated decisions about your potential investments such as property condition, location and potential value that are of interest to you. There is a property boom in the home foreclosure market and this is how the first time investors can step into this business and build a portfolio of their own.



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Colin Egbert asked:


Pre Foreclosure Lists: Lis Pendens or Notice of Default

Short sale investors frequently begin their deals by contacting the homeowners in preforeclosure. Yet, many new investors complain that they have no idea how to find these preforeclosures in order to make contact. Once you know how to find these homeowners, you’ll be surprised that so few investors work in foreclosure properties.

Lis Pendens and Notice of Default

When a homeowner’s bank files foreclosure papers, the homeowner is notified with a lis pendens or Notice of Default. They are different papers that mean basically the same thing; the bank is going to take the homeowner’s property for non-payment of the mortgage. A Notice of Default (NOD) is the form used in non-judicial foreclosure states, while the lis pendens is used in judicial foreclosure states where the bank has to go to court and sue the homeowner for their property.

The lis pendens is filed by the lender (bank) as a formal notice to the homeowner that the bank has started the foreclosure process. The homeowner still has the right to sell their property or even refinance that property during preforeclosure. A short sale is after all selling the property, it’s just that you are getting the bank’s agreement to sell the property for less than the mortgage is worth.

Once one of these two forms is submitted by the bank, the homeowner has a certain amount of time before their property goes to the sheriff’s auction. This amount of time varies greatly from state to state. It can be as little as 90 days or as long as 12 months.

You can identify preforeclosures, by looking for the lis pendens and NOD. All it takes is a little research.

Find Preforeclosures at the County Recorder’s Office

By law, the banks can’t release information concerning preforeclosures to those involved in short sale investing and real estate investing. So, the average investor has to look for these preforeclosures somewhere else. That place would be the County Recorder’s office. Any and all public documentation usually ends up in the County Recorder’s Office, also known as the County Clerk or County Record’s Office, this documentation includes copies of the NOD and lis pendens. These transactions are considered public record, including foreclosure filings, so you can simply head down to the records office to research preforeclosures that are suitable for a short sale deal.

Most County Recorders don’t put together lists of foreclosure information and their homeowner’s contact information for the convenience of the investor. So you’ll need to spend some time researching the records.

Short Sale Tips for the County Recorder’s Office:

If you search through the records looking for the NOD or lis pendens documents, you should have an easier time in your research.

By going down to the records office you are likely to get a head start on other investors, since not many people are willing to spend hours on their own research.

Take your reading glasses. You’ll be looking through a lot of documentation.

Going to the County Recorder’s Office is a FREE method for getting preforeclosure information.

Many County Recorder’s Offices have gone through the effort to put their documents online. This makes it so much easier when doing your short sale research. It never hurts to check online before heading down to the local records office, just to see if they have a website set up. Not all of these websites will provide you with the information you need. However, they should allow you to compile a list of names and document numbers that you can look up later on in the records office.

Short Sale Tips for Preforeclosure Research Online:

Try looking for a website. Many County Recorder’s Offices have websites where you can search through all of their documents.

When searching through a County Recorder’s online database look for the NOD or lis pendens as you would in the actual office.

Using a County Recorder’s website is also a FREE method for finding preforeclosures.

There are a couple of other ways you can find those potential short sale deals. You can subscribe to a preforeclosure listing service, either online, sent through email or as a newsletter in the postal mail. You’ll be one of possibly millions of other investors seeing these same properties so there may be competition for good deals. You can also scan the newspapers on a regular basis. Many counties publish their current preforeclosure properties in the classifieds. This is a last attempt to notify the homeowner that the property is going to a sheriff’s sale.

A short sale begins with contacting the property owners, but first you’ve got to find them. By researching both in the County Recorder’s Office and searching online you’ll be able to find more preforeclosures than you can handle. If these two avenues still fail you, you’ll also be able to find those properties through other means, like newspaper classifieds and subscribing to foreclosure lists.



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optica00002 asked:


Home, sweet home! Many people want to make their dream come true: to own their home free and clear. Others just want to start a business and they consider that investing in real estate is the answer. If you are one of them and that's what you want to do, at least understand what you are about to do, and do so with your eyes open. Investing in foreclosure real estate or buying foreclosure homes might be the solution you look for.

Investor or simply homebuyer keep in mind that buying foreclosure homes, either bank or government owned properties, is a perfect way of saving money since you obtain the foreclosure real estate at a price way below the market value and that means a substantial discount for you. The foreclosure real estate business turns out to be quite a booming industry with 35% to 45% saving off market values and an unsurpassed come back on investment. Foreclosure real estate companies are specialized in selling foreclosure homes, with trained foreclosure real estate agents hired to do the job for you. These companies have an evidence of all foreclosure homes nationwide, statewide or local and can provide for detailed and comprehensive foreclosure listings, the basic start point to ensure a successful foreclosure real estate purchase and sale.

If you made up your mind and intend to purchase a foreclosure real estate, then you should go deeper into the investing opportunities given by this process. Foreclosure homes can be bought either while in the “pre-foreclosure” stage, or directly at the “auction”. Each opportunity has risks and rewards.

Buying a foreclosure real estate in the pre-foreclosure phase involves the direct contact between the homeowner (and sometimes the lender) and the investor. This is a win-win opportunity since both parties involved are eager to reach their goal. Achieving foreclosure homes might be a huge investing occasion along with a substantial discount, a low cash down payment and flexible sales agreements. The disadvantages of such an approach are little; it is possible to face a lot of competition and other lien holders or to have difficult times finding the foreclosure real estate owner.

The second buying method mentioned is the auction or the sale of a foreclosure real estate. The auction is the next logical step in case of not selling during the pre-foreclosure and represents the end of the foreclosure process. The auction is a sword with a sharp blade: you can either hit the jackpot, or lose your shirt. The biggest advantage to buying a foreclosure real estate at the auction is the excellent potential profit, especially since there isn’t much competition for foreclosure homes sold at auction. At the same time, the dangers surrounding the auction go from over-bidding to the impossibility to inspect the foreclosure real estate, to pay off the sale amount in due time or to evict the tenants living in the foreclosure homes.

No matter what buying method you choose, the experts in foreclosure homes recommend a scenario to pursue for a successful purchase. Before making any decision or offer, locate and evaluate the foreclosure real estate, calculate your profit potential, identify any other liens or judgments, determine your maximum offers/bid amounts for the foreclosure homes. If you have second thoughts, don’t do the deal. If, in the end, you still like the figures, then you got yourself a property – an ex foreclosure real estate!



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Thomas Bladecki asked:


Interested in investing in real estate; looking for a great return on investment, or commonly referred to as "ROI"; then foreclosed properties may be exactly what you have been waiting for. Real estate investors have been buying and selling foreclosures for many years, making a fortune on buying the right properties.

Your most challenging part of becoming a successful investor will be getting the finances that you need to buy your properties. Most investors that are starting out have a difficult time getting the funds to get started; this is especially true if you already have a mortgage on your personal home.

If you are serious about becoming a real estate tycoon, then you need to have an understanding of the different types of financing that is available to you. Understanding the financing, especially for foreclosures will be critical to your success.

Unsecured lines of credit that offer low interest rates is one option. Generally provided by a financial institute, these usually just a general loan; not commonly consider a mortgage note. The structure of your business will play an important factor in obtaining these types of loans; often only offer to you is you operate our investments as a business. These loans are often short-tem loans, and not spread over an extended period. Loans such as these are generally used by investors as a source of funding to close on a property, then paid off as soon as the property is resold.

Another possible option is an FHA loan; this type of loan is generally reserved for a different type of investor. Investors that are looking to flip properties fast general stay away from them. Length of ownership requirements, in most cases, is the primary reason that investors stay away from them. For a first time homebuyer an FHA type loan is perfect. Foreclosures often need a great deal of renovation work, FHA loans can be used to complete the work, but again FHA type loans are for long-term investors.

Hard money lenders are generally the preferred type of lender for investors wanting the flip foreclosure quickly and move on to the next one. This type of funding is risky, more specialized and may cost you a bit more on interest but the lack of "red tape" is a great reward for this inconvenience. While usually reserved for the experienced investor, who have a proven record of accomplishment of buying property and selling them quickly for a profit, hard money lenders are your cash register to purchasing foreclosures. Finding investors that will work with you in your real estate operations can be difficult, keep looking, they are out there and you should be able to get someone to give you an opportunity to prove yourself.

Partners' money may be an alternative if you cannot locate a hard money lender to work with you. Partners' pool their money and resources to purchase homes, splitting the profits after the sale. This is a high-risk type of investing too, some people may use credit cards, personal loans and other forms of financing to contribute their portion, this may be an issue because they expect a fast return in order to pay them off. In the event that they do not get the money back fast the can get themselves, and ultimately you in trouble quickly.

In general, you do not what to start investing in foreclosure property, or any other real estate unless your finances are in place. Investing in real estate is a risky business; doing your research up front will help ensure your success. Collaborating with the right banks or hard money lenders will prove to be very beneficial as your empire and net worth grow.



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