Pre-Foreclosures Phase:
Nowadays when working with an owner in the pre-Foreclosure stage, you would negotiate with him or her only if there was equity in the deal. For instance lets say that the home has a fair market price of $200,000 moreover the owner has a primary mortgage of $150,000 that means that they hold $50,000 in equity. Now if you make an offer for let’s say $170,000 ...
Tagged as:
Foreclosures,
money,
mortgage,
Real Estate,
training
Real Estate is an outstanding investment because it’s always in need. Foreclosures have been around forever, only now there are just more of them. The first stage is the pre-foreclosure, the second part is the auction, and the third part is what we call the REO, which stands for Real Estate Owned. Foreclosures are at an all time high which presents an terrific prospect, high instant ...
Tagged as:
Foreclosures,
money,
mortgage,
Real Estate,
training
