We Are In the Hottest Foreclosure Market In US History!

There are three phases a foreclosure goes through and you as an investor have the opportunity to obtain the property at any one of these phases:

Pre foreclosure: The time the homeowner has fallen behind in payments, the bank foreclosure process has been started and before the bank has taken the property back.

Auction: If the homeowner cannot resolve the default the property will go to auction.

REO: The bank owns the property. Banks are not in the business to own property they are in the business to loan money and they are going to get rid of the property.

Remember, you may be the only resource the homeowner has to save their credit for a future purchase of a home. A foreclosure is often worse than having a bankruptcy on your credit report.

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