Re: foreclosure

Posted by Edward Nolan on December 02, 2002 at 03:42:10:

In Reply to: foreclosure posted by K on November 30, 2002 at 20:21:20:

K, In this game there are different levels to purchase property at. They are as follows...

From the Owner themselves (before foreclosure)
From the Owner in Pre-Foreclosure (before foreclosure)
At the Sherrif Sale (This is Foreclosure)
From the New Owner (After Sherrif Sale)
From the Bank REO Department (After Foreclosure- Realtor Listed)

There are 2 types of Foreclosures
Bank and Tax's

Anyone can be foreclosed on even if they do not pay the taxs on the property.

There are many areas you can work in within the areas I mentioned above. If you want to be a large investor you'll want to bid on many properties at once and then see what comes to light. But, the best area to try to focus on to really max out the dollars you can earn is in the Pre-Foreclosure area. It's very easy to work in this area, and it's even easy to find those that are within a pre-foreclosure status! How? How do you find out who is in pre-foreclosure you ask? Simple, get ready to smile... :) Simply get a listing of homes from the Sherrif that will come up for auction within the next few weeks. Drive by those homes, nock on doors, see if the owners still live in the homes, make offers to take over their payments if the figures work out for the deal. It's that easy to find!

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Comments:
: K, In this game there are different levels to purchase property at. They are as follows...

: From the Owner themselves (before foreclosure)
: From the Owner in Pre-Foreclosure (before foreclosure)
: At the Sherrif Sale (This is Foreclosure)
: From the New Owner (After Sherrif Sale)
: From the Bank REO Department (After Foreclosure- Realtor Listed)

: There are 2 types of Foreclosures
: Bank and Tax's

: Anyone can be foreclosed on even if they do not pay the taxs on the property.

: There are many areas you can work in within the areas I mentioned above. If you want to be a large investor you'll want to bid on many properties at once and then see what comes to light. But, the best area to try to focus on to really max out the dollars you can earn is in the Pre-Foreclosure area. It's very easy to work in this area, and it's even easy to find those that are within a pre-foreclosure status! How? How do you find out who is in pre-foreclosure you ask? Simple, get ready to smile... :) Simply get a listing of homes from the Sherrif that will come up for auction within the next few weeks. Drive by those homes, nock on doors, see if the owners still live in the homes, make offers to take over their payments if the figures work out for the deal. It's that easy to find!


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