When I first became interested in foreclosure investing, I was of the opinion that people who dealt in this sort of investing were greedy opportunists who would prey upon unfortunate homeowners who were plain and simply down on their luck. Sometimes people, for one reason or another, have trouble in finding the money to make their next house payment. What happens? The vultures sweep in, buy up the properties for crackers, and then turn around and...more
Despite what you may think, the foreclosure process is usually long and more drawn out than you would believe. When someone buys a property they usually have to borrow money from the bank or another lender. If for any number of reasons the homeowner stops making mortgage payments or gets behind in those payments, they receive a payment reminder from the bank or the lender in the mail.Humiliated or embarrassed, say for arguments sake, the...more
Investing in the foreclosure process involves more than just buying up properties that people cannot afford for your own profit. The reality of it all is that the process itself can take anywhere from three to six months to even a year. You find keen investors can enter the game at numerous stages in the foreclosure process. The main stages include:* pre auction* auction* post auction.Let us have a gander at the pre auction stage.Usually the first reaction of people who find themselves in financial strife with their home repayments is to act like an ostrich. That is right, an ostrich! They stick their head in the ground and hope that the problem goes away. Unfortunately, before they know it, the hole of debt is so deep that it is near impossible to climb out and they find they must sell their home.What they should have done was to contact any number of professionals who specialize in foreclosures. Normally by the time the homeowner acts, the banks have had their say and the now distressed homeowners are in a state of panic not knowing which way to turn for help.As a foreclosure investor,if you are game, you can now enter the process. At this stage you can offer the homeowners a...more
The most likely result in the foreclosure process is that the homeowner will lose ownership and then possession of their home. However the foreclosure procedures vary depending on which state of the USA.Let me explain. There are two types of foreclosures and each state of the USA follows either of these procedures.1. Foreclosure by Trustee SaleWhen...more
Foreclosure investors often make the decision to do their own bidding at foreclosure sale auctions.The general misunderstanding about the nature of foreclosure sale auctions is that the foreclosure investor actually bids on the property when in fact what he bids on is the mortgage itself.The mortgage is also called a liens. What this means is that...more
You must have heard about the increasing amount of cases for the DWI cases. DWI is term which is actually known as driving under intoxication. This is an illegal attempt and people doing this have to directly go behind the bars if caught. So if at all you are also involved in such a case wherein you have the blame of driving your vehicle when you where intoxicated then a good option for you is to hire a DWI attorney Rancho Cucamonga lawyer who can get you out of this mess soon. There are many kinds of specialist lawyers in Rancho Cucamonga and if at all you are looking out for a specialist in DWI well then you will not have to get disappointed by the result of your search as there are many options for you to choose.There are many reasons why one needs the help of DWI attorney Rancho Cucamonga lawyer for their case. Whenever a person has charged with the DWI allegation, his life becomes miserable. There are so many questions he has to answer to the officials. There are cases of drunken driving where the driver has killed someone as he was not in his senses due to intoxication. If at all you have been caught under such a case where the person might not be killed but injured then too...more
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