Are you in the market for your first new home? Do you want to buy a home, but are not sure if you have the finances to make it happen? if you answered “yes” to one or both of the above questions, then your prayers may have been answered – foreclosure houses might be just what you’re looking for. People looking to buy their first property choose foreclosure houses for a number of reasons, and here are the most important and obvious of these reasons. [...]
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Take note that short sales are different from foreclosures. Foreclosures are forced by a lender while the short sale is agreed by the lender or the bank and the borrower. And there are instances where the lender refuses a short sale because the of the buyer’s offer or due to the high closing costs that can result to lower new proceeds in the lender’s side. [...] When you invest in real estate property you become the boss and manager of your investment. It feels good to be the boss, but that also comes with responsibility. You have to make sure that your asset is fully rented, at the highest rates possible so as to make a profit. This means that you will now have to focus on managing real estate and the daily activities of operating the investment. This, however, can be difficult and that is why many investors hire a Fred Leeds property management company to handle those activities for them. [...] Take note that a short sale can reduce a homeowner’s FICO credit score by as much as 200 points, but this is better than foreclosure because it reduces your FICO score, and prevents you from getting another mortgage. Thus, every homeowner needs to be aware of short sale taxes before they enter the process. [...] If you are facing hard economic times because of a loss of a job or some monetary setback, and you own a house, you may be having difficulties keeping up with your payments. You are not alone. There’s more than 177,000 homes in foreclosure just in the state of Florida currently. And that figure is down from just 2 years ago. [...] Once you know what to do you are “on your own” so sometimes boot camps and seminars from the “right educators” (Ron Legrand) is almost an essential part of the business. This author bundles everyone that is not him as a snake oil salesman. [...] I’ve read a lot of RE books on foreclosures but none as good as this one. Lucier gives an in-depth analysis of the pre-foreclosure process from finding a seller to reselling the properties. It jumps from topic to topic in each chapter, and it looks more like poor editorial style on the part of the publisher. Highly recommended, though, and lots of good examples! [...] I am currently starting to invest in pre-foreclosures, and I have been going back to this book over and over. It is a great resource, and is truly worth every penny. This booked helped me a lot to buy a foreclosure property. Also, the realtor I worked with was surprised how much I know about buying a property. But if you’re not American, beware! With transportation, that’s over $40 wasted. [...] I purchased this book based on other reviews I found at Amazon and it is safe to say that 99% of the reviews were accurate. Mr Lucier’s writing style is to the point and without the “fluff” that many other foreclosure programs fill you up with. I am currently starting to invest in pre-foreclosures, and I have been going back to this book over and over. It is a great resource, and is truly worth every penny. Very easy to read, very easy to follow, and paints a clear picture step by step on how to buy and sell pre-foreclosure’s. Never have I seen a more personable author than Thomas Lucier. The Purchase Agreement serves as a first draft to take to your local real estate lawyer (to be adapted for the State in which the property is located). The author explains his methods in a step-by-step fashion. [...] If you have wondered how to answer a credit card summons, this article is for you. Even though the different ways that I have seen people decide on how to answer a credit card summons are quite unique, there is really only one way to answer. The process is quite basic but there are a few things that are important to know which I will share with you. [...] |
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