Secrets to Finding Government Foreclosures

Secrets to Finding Government Foreclosures

It is easy to find government foreclosures in depressed real estate markets. But they can also be found in strong markets as well. Below we discuss some secrets to finding government foreclosures. How Homes End Up as Government Foreclosures Many pre-foreclosure homes...
How to Buy a House Foreclosure at Auction

How to Buy a House Foreclosure at Auction

Buyers at a foreclosure at auction can get a great deal on a property but will also face some challenges.  In this article we discuss the basics of how to buy a house foreclosure at auction. How a House Foreclosure Auction Works (the basics) STEP 1: The lender (bank,...
Who Can Bid at a Foreclosure Auction?

Who Can Bid at a Foreclosure Auction?

This article discusses who can bid at a foreclosure auction and why. Attending and bidding at a foreclosure auction, whether online or in person, can be an interesting and challenging experience. Who Can Attend a Foreclosure Auction? Live foreclosure auctions are free...
What Are the Risks of a Foreclosure Auction?

What Are the Risks of a Foreclosure Auction?

This article discusses some of the risks of a foreclosure auction and steps you can take to avoid them. Buying real estate at foreclosure auctions can be a lucrative endeavor. However, there are many risks involved that can negatively affect the profitability of these...
How to Find a House Foreclosure Auction

How to Find a House Foreclosure Auction

A house foreclosure auction can offer investors greater savings than many other avenues of buying real estate. In this article we describe where to find foreclosure auctions and some key info to get started. When a bank forecloses on a home, it is losing money without...
How Do I Investigate Foreclosure Liens?

How Do I Investigate Foreclosure Liens?

When planning to buy a house at a foreclosure auction, it’s essential to know of there are any liens on the property. So how do you investigate foreclosure liens? Liens to Look for When Buying a Foreclosure Auction Property There are multiple types of liens that...
Difference Between a Foreclosure Auction and REO?

Difference Between a Foreclosure Auction and REO?

This article discusses the differences between foreclosure auction properties and REO properties, including the pros and cons of each. These are important considerations when deciding what type of property to buy. How a Real Estate Owned (REO) Property is Created Two...
When is the Best Foreclosure Auction Time of Year?

When is the Best Foreclosure Auction Time of Year?

Is there a certain time of the year when most foreclosure auctions take place? When is the best foreclosure auction time of the year? This article discusses some of the major timing factors. To answer this question we need to dive in and understand the timeline for...
What Happens After Winning a Foreclosure Auction?

What Happens After Winning a Foreclosure Auction?

So you have the winning bid at a foreclosure auction. Congratulations! Now what? Here we will discuss what happens for the buyer immediately after the foreclosure auction ends. Paying for the Property After a Foreclosure Auction Completing the sale at the foreclosure...
Worst Mistakes When Flipping a Short Sale House?

Worst Mistakes When Flipping a Short Sale House?

Flipping short sales houses is a great way to make profits under certain market conditions. However, errors can be costly in terms of time and money. In this article we discuss some of the worst mistakes when flipping a short sale house. Mistake #1: Assuming...
How to Finance a Short Sale?

How to Finance a Short Sale?

A short sale can be a great way to get a good deal on a property. In this article we’re going to discuss how to finance a short sale house purchase. Short sale financing will be unique to each situation, and the process isn’t always straightforward....
Government Foreclosure Auctions List

Government Foreclosure Auctions List

This is a great list of government foreclosure auctions to help find foreclosed properties of all types to buy and sell for a profit. Foreclosure Auction Aggregators These sites are great for finding federal, state and local auctions without visiting multiple sites....
Can You Use a Hard Money Loan For Foreclosures?

Can You Use a Hard Money Loan For Foreclosures?

The short answer to the question whether you can use a hard money loan for foreclosures is “yes”. In this article we discuss how hard money loans work for financing purchases of foreclosed real estate, and some tips to consider. Hard Money Loans for...
Are Wholesale Houses Better Than Foreclosures?

Are Wholesale Houses Better Than Foreclosures?

‘Are wholesale houses better than foreclosures?’ is definitely a tricky question. It can’t be answered in a simple ‘yes’ or ‘no’. The reason is that foreclosures have their own pros and cons. Often, wholesalers tap into foreclosures to make money. In other words,...
How to Eliminate Liens on a Short Sale House?

How to Eliminate Liens on a Short Sale House?

Whether you are a seller or a buyer, when dealing with a short sale house, it can be complicated to deal with liens. Knowing how to eliminate liens on a short sale house can help alleviate these issues and speed up the purchase. Why You Must Eliminate Liens From a...
Who Can Exercise the Right of Redemption?

Who Can Exercise the Right of Redemption?

With the right of redemption a borrower (mortgagor), or a third party who purchases the right, can reclaim a property during foreclosure or after a foreclosure auction sale. In this article we discuss who can exercise the right of redemption and how it affects the...
How Do I Buy a Short Sale From the Homeowner?

How Do I Buy a Short Sale From the Homeowner?

This article discusses how to buy a short sale house from the homeowner, how short sale transactions work, and essential steps for success. House flippers are always interested in getting a great deal on a home. Purchasing short sales can be very profitable if done...
States With Right of Redemption

States With Right of Redemption

The right of redemption can cause a real estate investor to have to give back the property they win at a foreclosure auction to the original homeowner. Which are the states with right of redemption? Read on find out… What is the Right of Redemption? The right of...