Preforeclosure starts when the owner stops making payments all the way to the public auction. Includes free and subscription pre-foreclosure listings.
Determining if you really want to invest in real estate isn't always the easiest decision, this will hopefully help you out.
A short introduction to foreclosure investing covering basic concepts and principals of property rehab.
Real estate definitions, foreclosure industry links, helpful tools for investment purposes, and the timeline for foreclosure properties in
Investing opportunities are different at different stages of the foreclosure process, knowing the difference between the stages and knowing the different types of data
you'll need are critical.
There is a wealth of information in the forum archives, use the "Search" function to find what you want.
When a lender decides to foreclose, the foreclosure procedure may be a legal action requiring a lawsuit and potential litigation or
it could be non-judicial requiring only the proper processes to be followed. Each state and sometimes county has slightly different
foreclosure procedures which must be followed. We have pages covering the different types of foreclosure, along with procedures and timelines.
There are also sources of foreclosed homes near you and foreclosure auction lists. If you don't find what you need, just ask!
Many consumers are baffled by the onslaught of foreclosure reporting, listing or information services. Many are confused about
the different types of information available or even the kind of information they need. Even some industry professionals aren't
sure what to make of many of these services.
Unfortunately, there is too much misinformation regarding lists of foreclosed properties, whether bank owned or government
owned, pre-foreclosure or post-foreclosure, statewide, nationwide or local.
The original listing services were born from those who did actual courthouse research for attorneys, title or search companies.
The information was accurate and reliable. After all, it was used by industry professionals. Recognizing the demand for such
information, many firms expanded their services making the data available to consumers, specifically those who wanted the data most:
Today there are several top-notch organizations that strive to deliver accurate information to their customers, whether they
are home buyers or investors. They understand the foreclosure process, the opportunities that are available and the type of data
their customers need.
There are, however, way too many organizations that do minimal research, pay little attention to detail, and make false claims
and/or deliver useless information with the promise that you will get rich from having purchased their materials. Can you become
financially independent investing in real estate? Absolutely! Thousands of investors are doing it everyday. However, not in the
way suggested by some of these services' marketing materials.