25 August 09 - 21:25Foreclosure Investing: 4 Questions that could end up saving you money
You may already know about the fantastic profits to be made from foreclosure investing. And while foreclosure investing can be a legitimate and rewarding way to quick profits, it’s not a completely fool-proof way to easy money. Being able to honestly answer the following four questions can help ensure that your foreclosure investing ventures are always good deals (and can help you to stay away from the money pits).
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04 August 09 - 18:28Pre Foreclosure Investing: 5 Pieces of Advice You Should Ignore
When you mention to someone that you’re interested in pre foreclosure investing, you’re likely to bring well- (and maybe not-so-well) meaning advice bearers out of the woodwork. Save yourself some aggravation by knowing the truth behind these common pieces of pre foreclosure investing “advice” you’re likely to get:
You’d better have a lawyer at the pre foreclosure sale. A lawyer won’t be able to do much at the pre foreclosure sale, since the terms will have already been set. The best protection you can have at this point is your title insurance policy.
If you buy a pre foreclosure property, the owner can force you to sell it back to him within one year. This concept, called the “right of redemption,” exists if the pre foreclosure property goes to the sheriff’s sale, but it does not exist while the house is a pre foreclosure property.
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