| Q: Where Do I start? |
| A: You can get started right
away by clicking on the order link. You will
be taken to our secure server and will have
immediate access to the information. This
is a downloadable product. Nothing is shipped
physically, so you can get started in a matter
of minutes. |
| Q: What are Real Estate
Foreclosures? |
| A: Real estate foreclosures
are properties that have been foreclosed on
by lenders because the owners have defaulted
on the loan payments to the lender. There
are many reasons that an owner can default
on a loan. Some of the most common reasons
are: divorce, illness, death of a spouse,
and unemployment. Foreclosures offer an exciting
way to buy real estate because they can often
be purchased at discount prices. It is not
uncommon for foreclosures to sell for 10%
to 50% below market. |
| Q: What types of foreclosure
properties are there? |
| A: There are three primary
categories for real estate foreclosures. They
are preforeclosures, auction properties, and
bank owned properties (REO’s.) Our book covers
all three categories. |
| Q: How to lenders foreclose
on a homeowner? |
| A: Lenders foreclose on property
owners using mainly the judicial or non-judicial
foreclosure process. States in which a mortgage
is used to document property ownership follow
the judicial procedure. The judicial procedure
requires lenders to file a court case to prove
default before they can foreclose on the owners.
States in which deeds of trust are used to
document ownership follow the non-judicial
procedure, which does not require a court
case. |
| Q: Can people make money
investing in foreclosures? |
| A: Yes people can make money
in real estate foreclosures because often
they can buy the properties at steep discounts.
Buying foreclosed properties at discount prices
is quickest way to make money investing in
real estate. If you are looking for a home
you can get a significant amount of equity
up front with real estate foreclosures. |
| Q: Do I need a Realtor
to buy real estate foreclosures? |
| A: Absolutely not! You do
not need a realtor to buy pre-foreclosures,
auction properties, or REOs. You can buy pre-foreclosures
directly from the property owners before the
auction. You can buy auction properties from
the foreclosure attorneys or auctioneers at
the public auction. You can also buy REOs
from lenders after they have taken the properties
back at the auction. In all three cases, you
can buy the properties without a realtor. |
| Q: Do I need a real estate
license to buy foreclosures? |
| A: No. This is a common misconception.
You can be real estate foreclosures without
a real estate license. |
| Q: How to do I find the
money to buy foreclosures? |
| A: You might be surprised
to know that there are several sources of
investment capital available for funding foreclosure
deals. These sources fall into four main categories:
conventional financing, partners, lines of
credit, and hard money lenders. Conventional
financing is available from a number of commercial
banks and mortgage companies Partners would
be anyone interested in helping fund the deal
for part of the profit. You can find partners
by word of mouth, via the Internet, or in
local newspapers. If you have existing lines
of credit (or credit cards) to fund your deals,
they can be used to buy foreclosures. The
last option is hard money lenders who are
in the business of providing loans for real
estate deals. Hard money lenders can be found
in the newspapers or over the internet. |
| Q: Does this work outside
the US? |
| A: While this course was
designed for the US, many of the ideas can
be applied to other countries. If they can’t
be applied to your country, we will refund
your purchase no questions asked. |
