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Pre Foreclosure Properties And HUD Foreclosures

Preforeclosure is the time between when a property owner gets a notice that he is in default on a mortgage and when he loses his home.

You can actually help an owner who is in default by helping him make his mortgage payments until you can help him sell his house.

Lets say the house is worth 200000.00 and he has 25000.00 in equity. You can offer to make the mortgage payments until the house is sold. You then take a cut of the equity plus the cost of payments youve made.... View the rest of this article by visiting BuyerBeWhere.com at the link above...

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Buying Foreclosure Properties

When looking for your new home or for an investment opportunity it is always worth considering buying foreclosure properties. After all, buying a house is the largest and most important investment most people make in their lives. You should absolutely take the time to explore all avenues of this very big decision. The best thing you can do for yourself is learn about ways to purchase a home that is in foreclosure. Why? Well, for a number of reasons. The homeowners being foreclosed on know that once the bank forecloses, their house with be up for auction. At that point, the house will be sold to the highest bidder. If you can find a way to get to the homeowners before their forclosure is finalized, then you can pick up their home at a fraction of the price before it is offered to the public. Once the homeowners are foreclosed upon, they have no more equity in the home. But if you approach them and say you will give them $40,000 for the house, they are more than likely to take the offer. This is because they would rather have some money than be left with nothing after the bank is through with them. It's a common practice among real estate investors and brokers. Sound enticing enough? Keep reading to learn how to pick up these deals.

... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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