How To Find and Profit From Pre-Foreclosures

Pre-foreclosures can be tricky, and it’s important to know how to best use pre-foreclosure lists and – more importantly – how to contact and communicate with the owners if you want to successfully invest in pre-foreclosures.

You’ve probably heard of pre-foreclosures and know what a pre-foreclosure is, but let’s quickly refresh our memories… after all, it’s certainly a great strategy to have in your investing arsenal.

A house typically becomes a pre-foreclosure when the owner is more than 90 days late on their mortgage payments. At this point, the lender will start the foreclosure process with a notice of default. To avoid losing their house, the owner/borrower would have to correct the arrears of their default by getting payments current again.

That’s a tough spot to be in…

A homeowner that realizes they are only one small step away from foreclosure is one of the most motivated sellers that you

Continue Reading...