What a disaster the foreclosure crisis in the US is, and not a great amount can be done for the home owners who are in the process already. Foreclosure is much like a giant snowball rolling down a hill, once it gets going, there is not stopping it. However that being said, there are some ways a home owner can prevent the foreclosure process from going ahead in the pre-foreclosure phase and this is by means of a short sale. So if you want to know how to buy a foreclosure, perhaps you need to understand a little about short sales first, before you take on all the other investment opportunities Available in the foreclosure marketplace. [...]
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Granted, this is not advice you’re about to hear every day when you embark on a postcard mailing. But it is, in my experience, some of the most valuable experience around. I adapted this very clever idea from a journalism professor I had in college who had worked for The New York Times. I figured if it was good enough for him (as well as The New York Times); it was definitely good enough for me. [...] |
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