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 Everything is a Quick Short Sale Flip An ideal short … Read more
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. Prerequisites to Finance a Short Sale Bank Authorization for … Read more
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. You can find upcoming tax, IRS, police and sheriff’s auctions on these foreclosure … Read more
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 Foreclosures With pre-foreclosure short sales and foreclosure property auctions, it’s essential … Read more
Foreclosed homes usually have things wrong with them below the surface that may not be found until after the auction. These issues can kill the profit from a foreclosure deal before you ever get started fixing up the home for resale. It is crucial that a buyer research and know as much as possible about … Read more
‘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, wholesalers contract foreclosures and then wholesale them to cash buyers to take … Read more
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 Short Sale House It is … Read more
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 debtor, lender and buyer in a foreclosure sale situation. The … Read more
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 right. However, this is only true if the buyer understands … Read more
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 redemption gives a homeowner that is in … Read more
Flipping REOs can be a very profitable endeavor. The key is knowing the process and the ways to do it effectively. What are REOs? REOs (Real Estate Owned) are properties owned (or “taken back”) by a lender after the sale at a foreclosure auction did not succeed. Lenders that have REOs include banks, government loan … Read more
Is it possible to get a mortgage on a house bought at a foreclosure auction? This article describes how to do it right. Foreclosure.comFIND FORECLOSURES. Up To 50% Off! Requirements to Mortgage a House Bought at a Foreclosure Auction It is definitely possible to get a mortgage loan on a house that was purchased in … Read more
There are many factors to consider when buying a home to flip at a foreclosure auction. One key factor is estimating the right price when buying houses at foreclosure auction, regardless of whether you’re in a rising or a falling real estate market. Foreclosure.comFIND FORECLOSURES. Up To 50% Off! Contrary to common wisdom, it’s not … Read more
HOA foreclosure auctions are one potential source to buy houses to flip. What is a HOA foreclosure auction and how do they work? Owners of houses, condominiums and town homes that belong to a homeowner’s association (HOA) must pay monthly HOA fees and assessments. These fees and assessments can lead to a HOA foreclosure auction … Read more
Foreclosure auctions can be great places for investors to purchase houses to flip at good prices. New auction buyers need to know how to finance a foreclosure auction purchase once they have the winning bid. We dive into the details in this article. Foreclosure.comFIND FORECLOSURES. Up To 50% Off! Foreclosure Auction Requirements Foreclosure auctions require … Read more
New real estate investors interested in sheriff sale auctions should know there are differences between the types of auctions out there. In this article, we will discuss what makes a sheriff sale auction, including what it is and how different aspects vary between locations. What is a Sheriff Sale Auction? The purpose of a sheriff … Read more
Are auction homes cash only? Or do auction companies take guaranteed funding from other sources? This post addresses this particular question. Getting the funds needed to buy a home at auction is not necessarily easy. And the type of funds that an auction requires depends on several factors. Cash Only Depends on the Type of … Read more
This article describes who is involved in a foreclosure auction and what their roles are. There can be multiple participants who are directly or indirectly involved. It helps to understand their role and motivations to ensure you’re successful! Foreclosure.comFIND FORECLOSURES. Up To 50% Off! Mortgage Lender(s) The Lender (typically a bank) owns the mortgage on … Read more
Foreclosures versus short sale homes have been a longstanding debate in real estate investing. Below is a comprehensive list of differences that can help you better understand which option is most suitable for your real estate investment strategy. Foreclosure.comFIND FORECLOSURES. Up To 50% Off! What Is A Foreclosure? It is integral to know exactly what … Read more
Real estate investors are always looking for great deals. A great place to find them is real estate auctions because the properties may not be listed on the MLS, so there is less competition from other buyers. The problem is most investors that are first starting out do not have the required liquid cash to … Read more