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Real Estate Investing With Foreclosures!

General Foreclosure Home Investing Information

There are three stages of Real Estate Investing With Foreclosures: there's Investing in Pre Foreclosures, before the Sheriff Sale, which includes being a Short Sale Investor; buying at the Sheriff Sale during the auction; and, finally, buying directly from the lender if the home did not sell at the auction. This is buying an REO Home Foreclosure, where REO stands for Real Estate Owned by the lender.

If you are interested in real estate investing with foreclosures during any one of the three stages in the foreclosure process listed above, you can realize exceptional returns on your investment due to the fact that you are really buying right.

If you would like to be notified of exceptional deals, join our network of foreclosure investors.

So - What Is a Short Sale?

You're probably wondering what is short sale investing? When lenders agree to do a Short Sale of a Home, they are agreeing to accept less than what is owed on the mortgage loan.

With more and more homeowners defaulting on their mortgages, either because of hardship, such as illness, job loss, death of a spouse, or because their Adjustable Rate Mortgages (ARMs) are resetting, thereby creating a much higher payment - sometimes even doubling their payment, most lenders are willing to, at least, consider Mortgage Short Sales.

Most banks will not consider doing a Short Sale until the mortgage payments are, at least, 3 months in default. Most also require that the home be listed with a Realtor®.

Don't expect that the lender will accept less than what's owed, simply because Real Estate prices and values have declined recently, especially if the homeowners have the ability to continue making payments.

If you subscribe to a Foreclosure Listing Service, you can get the address of the property, do a drive-by, and get the Realtor's® name and number from the sign and work with them. They have probably already been in touch with the lender and can be of great service to you. If the Realtor® has been hands-off, leaving the short sale negotiations to the homeowner, you can, as an investor, intercede and start communications with the lender.

When considering purchasing a Short Sale Home, it is strongly recommended that you contact a competant Real Estate attorney, as, we at Foreclosure -Consultants.com are not attorneys or CPAs and cannot give advice in these matters.

If you want more information on whether you really should try to save your home you can find out here.