The real estate business has become more and more lucrative over the past few years. You (Real Estate Investors) are fighting to get the next great flip while the media and homeowners are becoming more skeptical of the so called “promising” real estate market. Each year more homeowners fall into foreclosure ruining their pride and credit. It is a trap that is very stressful and investors seem to pounce on the opportunity.
The promising news is there is a newer trend on the horizon that screams opportunity to both you and the homeowner. You no longer have to race time in order to score your next foreclosure. This Godsend allows you to help keep people from being foreclosed on and also allows you to put a thick wallet back in your pocket. A thick wallet always slides into your back pocket smoother when you can feed your family by allowing homeowners to do the same.
Recently real estate firstnewswallet investors are concentrating on preforeclosures. A preforeclosure is a property on which the bank has begun foreclosure because the owner has missed several mortgage payments. Banks do not like to have foreclosed property on their hands so they are usually very pleased to let it go beforehand. When the bank initiates foreclosure on a property, you can buy it up to the day of the foreclosure auction. Finding a preforeclosure is the best way to help homeowners save their credit while you save your bank account. There is usually a low cash down payment; sales agreements can be flexible; and it can also give you more time to research the property before committing.
Of course we all know that preforeclosures are great but finding them can be the problem. Not to mention that it is time consuming having to go to the courthouse to do hours of research to find the properties. Once you find the listings the owners of the property can be difficult to reach and/or talk to.
So this rising trend that is allowing other wealthy investors to ALWAYS find the best foreclosure listings first is Pre-preforeclosure listings. There are lists that give you instant access to PRE-preforeclosures. These lists can provide you everything from pre-preforclosure leads, deep discount wholesale deals, motivated sellers, bankruptcy leads, etc. Utilizing pre-preforeclosure listings will give you the competitive lead you need in order to help people, quit your day job, take your dream vacation and enjoy the abundance of life more often.