Income and Vacation Properties

when buying a foreclosure is it possible to find some that people have it all but payed off?

Has anyone thats in the industry ever found a home going into foreclosure that has been dramatically paid down however the owner could no longer pay for it? The reason I ask is I saw on a few websites properties that the only thing owed on them was 80,000-100,000. The market values of the house from its area was over 300,000. Could you offer these people the amount to pay off the loan and a little extra to help them out, and to avoid foreclosure? In turn re-selling the home below market value for quick sales? Any input would be greatly appriciated. Thank you in advance.

This is an unrealistic question. If you had a home with 2/3 equity in it then why wouldn’t you take a loan out for 2 years of expenses on your equity line to pay the bills and then put the home up for sale? Anyone who allowed their home to be foreclosed upon with equity in it would be foolish at best. Do you honestly think that the homeowner couldn’t sell the house for more than $80,000 to $100,000?

Let’s just say that this actually occured you would probably be taking advantage of the elderly or ill and preying on their inability to make rational decisions. If you are in any sort of fidicuary relationship this would likely cross the line into criminal behavior. If you were able to find a person who was willing to give you their home for less than half its value why would they give it to you? Wouldn’t it at least make sense to have an auction and see how things play out? The only way this would likely (and probably does) happen is to take advantage of someone who is not making the best decisions and decieving them.

You are simply trying to make it seem like you are a good guy “helping” these poor people out and well possibly making some money along the way. You are not helping anyone no matter what you tell yourself. Lucky for you this probably won’t happen… for the good of all.

Real Estate Investing – How to Win During a Recession $14.95 Your success in real estate DEPENDS on making smart decisions – before you buy and after. Whether you’re renovating for a flip, getting involved in rental housing or have other plans for your investment you NEED to know what the experts know.Don’t fall into a money pit or fail to count the cost before you buy, find out right now…How to Invest in Real Estate(and Not Move Into the Poor House!)…*…

Deeds 4 Dollars (4-DVD set) What most people don’t know is when a homeowner fails to pay property taxes, the county will place a lien on the property for the back taxes due. All homeowners in America are required by law to pay property taxes. If a homeowner is unable to satisfy the county’s tax bill… the county is forced to lien the property for whatever the homeowner owes in back taxes. If the homeowner doesn’t satisfy th…

Long Profits on Short Sales – How to Find and Buy Discounted Real Estate Investment Properties $1,249.00 What is a short sale? In a nutshell, it is lender discounting. More specifically, it is when a lender agrees to discount in order to allow you to purchase the property as an alternative to foreclosure. What does this mean to you, the Investor? You earn ‘Long Profits’ on ‘Short Sales!’ Tony Litster and Gavin McCaleb developed a system for short sales that they discovered could be repeated lik…

The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction $11.63 Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investor?s Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before…

Foreclosure Investing For Dummies $13.24 With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust? Foreclosure Inve…

Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor’s Guide to Making a Fortune Even in a Down Market $14.36 Cashing in on Pre-foreclosures and Short Sales shows investors exactly how to take advantage of what many are calling the best upcoming investment real estate market we have experienced in decades! Chip distinguishes the difference between good deals and bad deals, reveals just how easy it is to find, evaluate, and obtain foreclosure properties, tells how to negotiate a profitable transaction, and…

The FORECLOSURE $3.99 The FORECLOSURE

The Foreclosure $4.25 The Foreclosure

Matt’s Foreclosure Home Buying Secrets: How to Find, Research and Buy $17.91 Foreclosures are the best place to find a great deal, right? Not so fast! Foreclosures are out there, especially here in California, but what makes an REO (Real Estate Owned A.K.A. Foreclosure Property) a deal? More importantly, what pitfalls should you avoid when purchasing one? Well look no further as we are going to explore the world of Foreclosure Home Buying to get you started, whether you are looking to purchase that first home to start off with or you want to take the leap into real estate investing, this is the place to start.

The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying $9.45 Pre-foreclosure real estate is one of the hottest investment opportunities on the market. <I>The Pre-Foreclosure Property Investor?s Kit</I> offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy. Even people of modest means can get into pre-foreclosure investing—all it takes is a little hard work, persistence, and the tools you?ll find in this handy guide.Dedication.<p>PART I: GETTING STARTED AS A PROFITABLE PRE-FORECLOSURE INVESTOR.<p>Chapter 1: How You Can Make $60,000 a Year Investing in Pre-Foreclosure Properties Part-Time.<p>Chapter 2: Why Most Foreclosure Investment Strategies Being Taught Today Are Too Risky, Too Expensive, and Not Worth Doing.<p>Chapter 3: What Every Pre-Foreclosure Investor Needs to Know about Their State’s Foreclosure Statute.<p>Chapter 4: Everything You Need to Know about Existing Loans on Pre-Foreclosure Properties.<p>Chapter 5: How to Finance the Purchase of a Pre-Foreclosure Property.<p>Chapter 6: How to Get Started Right Now as a Profitable Pre-Foreclosure Property Investor.<p>PART II: MY 14-STEP PROCESS FOR INVESTING IN PRE-FORECLOSURE PROPERTIES.<p>Chapter 7: How to Find Property Owners with Loans That Are in Default and Facing Foreclosure.<p>Chapter 8: How to Contact Property Owners in Foreclosure.<p>Chapter 9: How to Get the Lowdown on Loans in Default from Foreclosing Lenders.<p>Chapter 10: How to Perform Due Diligence on Pre-Foreclosure Properties.<p>Chapter 11: How to Thoroughly Inspect a Pre-Foreclosure Property.<p>Chapter 12: How to Accurately Estimate the Current Market Value of @æffffgÿ¾Úx

Foreclosure Investing for Dummies $11.12 Covers foreclosure rules and regs for all 50 statespMinimize your risks and maximize your return, while assisting homeownerspWant to buy and sell foreclosure properties? This hands-on guide covers all aspects of investing in foreclosures, from identifying potential properties and assessing value to carefully researching and inspecting properties, so you don’t get stuck holding a money pit . . . or even worse, a worthless piece of paper! Discover how to deal with homeowners in preforeclosure, bid for a property, buy bank-owned properties at well below market value — and ultimately sell for maximum profit.pResearch property titles, mortgages, and deedspBuild a strong investment teampObtain financingpNetwork your way to successpAvoid common pitfallspInvest with integrityWith the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?pForeclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from little old ladies. This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including: Identifying opportunities and understanding risks Obtaining information, tools, support, and resources Locating properties prior to foreclosure Assisting homeowners through the foreclosure process Acquiring properties below market value prior to the auction Buying property at an auction, from lending institutions, and government agencies Repairing, renov@&=p£×ÿ¾Úx

American Foreclosure: Everything U Need to Know About Preventing and Buying $20.24 No Synopsis Available

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How to Buy Real Estate at Foreclosure Auctions: A Step-By-Step Guide t $13.77 Learn how you can make extra money now with this easy-to-follow guide for buying, rehabbing and selling real estate from sheriff sales and foreclosure auctions.Real estate foreclosures are rising to record levels and the time to buy is NOW. Anyone can buy foreclosed real estate and make money at it – but only if you know how, and that is what this book shows you.brWritten in a straightforward manner, with a conversational and friendly tone, the author is right there with you-every step of the way. Through 21 information-packed chapters, you are taken, step by step, on a comprehensive and methodical journey in which every aspect of the process is covered in clear, practical detail. From dispelling myths about foreclosures to the moment of selling the rehabbed property, you will learn the value of assembling your team and doing your research first, as well as the more pragmatic information required about the actual bidding, finances, taxes, paperwork involved, and the ins and outs of the renovation process. The book is illustrated with numerous examples of documents the reader will encounter during the foreclosure process.brAs an added bonus, reference lists containing foreclosure types, redemption rights, tax lien status, foreclosure timelines and procedures, and listings of real estate investment groups for all fifty states have been included. Plus: sample sheriff sale rules from selected counties and a complete property inspection and repair checklist.brFrom beginning to end, this book is a valuable source of information for the first time foreclosure buyer, whether your plans are to flip, rent, or reside in the property.