Finding a Pre-Foreclosure Property

Pre-foreclosure is the most crucial time in the foreclosure process. It is during this period that you as an investor stand to make the largest profits and negotiate a favorable deal for both the owner and the bank.

Confirm pre-foreclosure status

When a property enters pre-foreclosure, the owner usually has at least 2-3 months to reinstate the property. Read More >

Check Potential Bargain

Find out as much as you can about the estimated market value of the property. Read More >

Contact the Owner in Default

You or your real estate agent should contact with the owner to express interest in the property. Read More >

Find and File Properties

Develop a system to keep track of properties that interest you. Read More >

Negotiate a purchase agreement

If you and the owner both agree to proceed, you need to negotiate the terms of a purchase. Read More >

Close the deal

Make closing the deal contingent on a full title search conducted by a title company or attorney. Read More >

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Purchasing foreclosure houses such as bank foreclosures, HUD homes, and pre-foreclosures or at foreclosure auctions or trustee sales enables real estate investors and homebuyers to get excellent bargains on homes priced below market value. RealtyTrac, the leading online foreclosure resource, offers access to hundreds of thousands of foreclosure houses throughout the country.

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