We have all seen the commercials. In them, there is an everyday Joe who was so down and out that he didn’t know where the money for his bills was going to come from. Still, he purchased and followed in some multimillionaire’s easy x-step program and made tons of money in the real estate investing. [...]
With the current climate surrounding the real estate world, the number of foreclosures is skyrocketing across the board. The most common are Bank Foreclosures (when the lender seizes a property from the party unable to satisfy the mortgage owed) and Tax Foreclosures (when the Government seizes a property from the party unable to satisfy the [...]
Helping people stop a foreclosure on their home can save marriages, families and financial hardship. This process is often referred to as “loss mitigation.”You are now in the business of helping people. You are becoming a “workout specialist.” Specifically, you help people work out how to save their homes from foreclosure. You do this without [...]
Let me set the stage for what we are going to talk about in regard to foreclosures. In order to help people stop the foreclosure on their home you need to understand their position and their mindset. What are they thinking, what are they feeling, and how are they reacting to the stress of foreclosure?
When [...]
The recent slowdown in the real estate market is causing many home owners to fall behind on their house payments. If you can not sell your house fast and you are losing your home to foreclosure, you have one last option. Have a professional home buyer complete a short sale.
A short sale is a process [...]
Because of the current downturn in the housing and mortgage market, one of the better real estate investment strategies is the short sale strategy. Quite simply, a short sale is where the bank holding a mortgage allows a real estate sale to proceed even though not enough money is generated to pay off the bank [...]
Daily, thousands of homes go into foreclosure because the owners are not able to keep up with their current mortgage payments. If you want to find a great home you need to have access to these lists. Better yet pre-foreclosure listings would be the best bet because it helps both the buyer and the homeowner.
Pre-foreclosure [...]