Saturday, February 07, 2009

Learn How to Buy Foreclosures

Every day, public auctions of foreclosed homes are happening across the U.S. -- on courtroom steps, at sheriff's offices, and in front of the very sale properties themselves. If you're looking to buy foreclosure properties, you've come to the right place.

THREE OPPORTUNITIES TO BUY FORECLOSURES
Each situation is different and offers a unique set of opportunities. As you learn more about foreclosures, you'll be able to decide which approach is best for you. To help you decide, let's take a look at all three situations and go over the investment strategies you can use for each.

Pre-Foreclosure: Negotiate to Buy Before the Foreclosure Sale
When a homeowner is going into foreclosure, his/her situation is grim. They need to find another place to live, and their credit is ruined. You can help the homeowner before the foreclosure is finalized by paying the back payments -- bringing the note up to date -- and assuming ownership of the property. This stops the foreclosure process, and gives you three choices:

1. You can allow the family to stay in the home and pay you rent -- essentially, paying your mortgage for you.

2. You can allow them to move out. Then, you sell the property on the open market.

3. You allow them to move out, then rent the property. The next tenant pays your mortage until you sell the property.

Regardless of which choice you make, the property's original homeowner saves his/her credit rating and is given another opportunity to buy again. Meanwhile, you make a nice profit. Everybody wins!

Auction/Sale: Attend and Bid on the Property at the Foreclosure Site
If the lender does carry out the foreclosure, the property will be offered at auction. The asking price, at the most, will be the balance due on the loan. This is often well below the market value, depending on how long the homeowner was in the property. Here is where you can get great deals at prices as low as 50% of value. You can move in, or sell the property. Again, it's your choice.

Post-Foreclosure: Buy the Property From the Lender/Government After the Sale
Not all properties actually sell at the foreclosure sale. Unsold properties are repossessed by the lender, or turned over to the government for repayment. Once a property is acquired by the lender or the government, it is up for sale to the public.

Lists of foreclosed-on homes are available from any lender, or from government agencies; e.g., U.S. Department of Housing and Urban Development [HUD], Veterans Administration [VA], Internal Revenue Service, Fannie Mae, states, counties, municipalities. Once they are put up for sale, you can buy foreclosures directly from the bank or the government.

To access a complete database of
government auctions happening across the U.S. and in Canada, go to:

==> http://TinyURL.com/cmdssd

BEFORE VENTURING IN, SEIZE EDUCATIONAL OPPORTUNITIES
Why is the profit potential of foreclosure investing so great?

* Properties are often sold below market value.

* Lower down payment, smaller mortgage, lower monthly payments.

* Equity can be increased faster.

If you'd like to learn the real in and outs of buying foreclosures, Trump University is offering its "Fast Track to Foreclosure Investing" seminars from coast to coast. There, seasoned Trump U investors and instructors reveal the specific foreclosure investing strategies and techniques that have been used again and again by the world's most brilliant real estate investors.

REGISTER and LEARN:

* How to Find Foreclosure Investing Opportunities in Your Geographic Area: Take advantage of the hot investing opportunities in your neighborhood before anyone else does.

* Credit and Credit Card Repair: Be in good financial standing, so you can make money at every stage of the investing process.

* Financing: How to benefit from some specific sources of seed capital and put together your own creative financial deals.

* The Phases of Foreclosure Following the Foreclosure Clock: When to make a move and how to capitalize at every stage of the process.

* How to Capitalize without Harm: Part of the foreclosure investment process includes finding ways for sellers to move on without shame.

* What to Do Once You Have the Property: Do you rent, renovate, or sell immediately? Learn what's best for your specific situation.

* Goal Setting: How to set realistic goals and attain them every time.

Walk away from this workshop and you will be well on your way to profiting from foreclosures.

To attend a FREE introductory class in your area -- and receive a complimentary "Catch the Wave" CD-ROM [$50 value!] -- go to:

==> http://TinyURL.com/avbmao
____________________

Want to Profit From Foreclosure Investing? Learn How at Donald Trump's FREE Introductory Class!

No comments: