Buy a foreclosure at 50% below Market Value, change the locks, without a penny of your money and make a ton of money in 30 days!  Well, I'd like to do that too, but I've never seen it happen, have you?

The reality of foreclosure investing is far different than what many people have seen either through infomercials or books that have been written.  Finding a solid property to purchase isn't a matter of picking what you want, it's a matter of finding something that works economically.

There are bargains to be found in purchasing "distressed" properties, especially if you know how the system works.  It is possible to make money; the key is to know your strengths and weaknesses.

The biggest obstacle most beginning investors will have; what is the market value of the subject property?  Experienced investors will usually all have a property valued close to the same amount (3% variance).  Investors will use local multiple listing service comps, title company comps, experience, or consult a good but inexpensive appraiser to come to that value.

The wise investor would NEVER pay market price.  If you are willing to pay market value, you might as well purchase a property through a real estate agent, who will obtain helpful disclosures and the best financing possible for you.

If you are not fully aware of what a property will sell for on the open market, you cannot do anything with a property.   All decisions regarding a property are based on the price it will receive, KNOW THE VALUE!

If you do not have a strong grasp of market values in your area, aren't sure about your state's legal requirements, don't have significant money to invest, don't know how to follow up on real property information, you need to spend some time learning the things you will need.  Read, make contacts and talk to people involved in the business.

You can obtain a list of available properties prior to the auction so that you can drive by the property to inspect it.  Browse the local newspaper for information about scheduled foreclosure sales.

It's recommended that you read available foreclosure auction instructions and attend some auctions without bidding to get an understanding of the process.  You should already have established what the property is probably worth and how much you are willing to pay for it.

We can provide a FREE list of available properties that meet your needs via email or snail mail, with no obligation.

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