Friday, June 24, 2005
The Art of Buying Preforeclosures
The advantages of buying preforeclosure properties from homeowners in default vary from real estate investor to real estate investor. Many real estate investors don't see enough return, some real estate investors might believe it is too risky, while others may question the morality of buying real estate from a defaulting homeowner in a distressed situation.
Motivated sellers are key to the preforeclosure success. The window of opportunity opens the day the Lis Pendens is filed with the courthouse. The opportunity is gone when the real estate is sold at the sheriffs auction. The time between the two events enables an real estate investor to work with the homeowner.
Motivated sellers are key to the preforeclosure success. The window of opportunity opens the day the Lis Pendens is filed with the courthouse. The opportunity is gone when the real estate is sold at the sheriffs auction. The time between the two events enables an real estate investor to work with the homeowner.
