Various property types offer their own unique advantages. Foreclosure.com offers everything you need to make money investing in distressed properties.
Investing in foreclosure opportunities can be an incredibly lucrative experience. Knowing the various distressed property types, as well as the laws regarding them in each state, are the most important elements to becoming a successful investor.
Only Foreclosure.com can provide you with the freshest listings available anywhere in the nation and the critical information you need to make smart investment decisions.
Foreclosure opportunities comprise basically three property types, preforeclosure, foreclosure and Real Estate Owned (REO), all of which present their own risks and rewards. By doing your homework and capitalizing on properties as soon as possible, however, you can earn excellent profits on most investments.
The first stage of the foreclosure process is called preforeclosure. During this time, the property still belongs to the homeowner, but the lender has initiated foreclosure procedures because payments have not been made and the loan is considered to be in default.
Buying a home in preforeclosure is typically the best way to capitalize on foreclosure opportunities. If done correctly, you can find some of the most amazing real estate bargains available anywhere. But, it takes work.
If a homeowner cannot sell his or her property during preforeclosure, it will most likely be sold at a public foreclosure auction to the highest bidder. The competition at these auctions, or Sheriff's Sales, can be intense because you will often have to bid against the lender and other investors. The rewards, however, can be huge.
If a property doesn't sell at auction, the lender acquires the home and it is considered REO. Because lenders are usually not in the real estate management business, they are willing to sell REOs quickly to interested homebuyers or investors. It's perhaps the easiest way to buy a foreclosed property.
With more than 1.8 million preforeclosure, foreclosure, bankruptcy and FSBO listings across the nation located conveniently in one place, Forelcosure.com is America's most reliable provider of foreclosure opportunities. We also offer helpful links, state-specific laws and educational articles that help new and experienced investors alike capitalize on foreclosure opportunities – all for an unmatched low-cost guarantee.