Guidance outlining 5 tips for real estate foreclosures. Theres an old saying: money is made when you buy, not when you sell. And its true in today’s somewhat softer real estate market. Finding deals in real estate foreclosures can be tricky. There are many hurdles that you have to work around, over, and through to get the best deal. Some may have some preconceived perception that you are making money off of other’s persons misfortunes. In reality, the misfortune has already occurred. They wanted/needed to sell their home. They didn’t. And now they REALLY want to sell their home (or the bank wants to get out from under the deal). Either way, you are helping them take care of their situation.
5 Tips for Real Estate Foreclosures
June 30, 2008 By 1 Comment
Jon, point well made about foreclosures. When a home or bank gets far enough behind the damage is already done, so helping them out even at a wholesale price is ethical in every way. Have your personally every purchasing a foreclosed property?