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Focus on Foreclosure Part 1 Profit from Foreclosures by Preventing Them

What makes foreclosures so appealing to many real estate investors is that its not onesizefitsall strategy. You have three basic choices when it comes to foreclosure investing preforeclosure, at the auction, and after the auction. Lets take a look at whats involved in preforeclosure investing.

Preforeclosure refers to the period when the homeowner is in default and the lender has begun the foreclosure process. Most homeowners in this situation are facing a financial crisis of some sort: divorce, death, job loss, high medical bills, or some other circumstance that has made them unable to make their mortgage payments. Increasingly, we are seeing people facing foreclosure because they bought their home with a teaser mortgage that started out with low payments. When the introductory period was over and the payments adjusted to the market rate, the homeowners couldnt manage the higher amount.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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