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Finding a foreclosure before anyone else or a “pre-foreclosure” allows you to negotiate with a motivated seller. This can give you a huge advantage and profits.


There are several sources for this goldmine of information. One is the database of pre-foreclosures at ipreforeclosures. It has list of homes prior to final foreclosure with contact information at Real Estate Owned (REO) departments at banks. Find your city and become acquainted with these contacts. You can tell them the type of home you are looking for and the area.


Another source for finding properties prior to foreclosure is real estate agents. When you have decided on an area where you wish to purchase a home for yourself or as an investment Authentic Alex Pietrangelo Jersey , you should contact an agent familiar with the area. Many times real estate agents have clients who need to sell quickly.


As you become familiar with an area, you may notice homes that appear to be vacant without any “for sale” sign. You can obtain the phone number for the address from a reverse directory. Many times, when people leave a home they forward their calls to a cell phone or other number. You may reach an owner ready to sell quickly.


Your local newspaper can be another source of pre-foreclosures. Check for “For Sale By Owners” and “Homes For Rent”. Sometimes these are the last efforts of homeowners who are struggling, but cannot afford to sell their home through a real estate agent.


You can also use your newspaper proactively to find pre-foreclosures. When you have identified the area in which you wish to purchase Authentic Dmitrij Jaskin Jersey , place an ad in that section. If you wish to obtain investment property your ad will be “Will Buy Your Home, You Stay in Your Home and your phone number”. In this case you purchase the home from the seller and then either lease or leasepurchase it back to them. If you wish to purchase the home without tenants, you can run a similar ad without the option of the seller remaining in their home.


Public court documents give you information about homes 30-180 days from foreclosure, pre-foreclosures. In every state Authentic Tyler Bozak Jersey , a legal notice must be filed before a foreclosure can be finalized. The length of time between the initial legal action and the final resolution varies nationwide, but the procedure is the same. In most states, a “forcible detainer” is filed. It may indicate the property address, name of the homeowner and amount owed. This action is filed prior to the actual foreclosure and gives you enough information to contact the homeowner directly. In many states Authentic Alexander Steen Jersey , forcible detainers are also used to evict apartment dwellers, so you must check the address of the property to determine if it is a home or an apartment.


Buying a foreclosure or a pre-foreclosure from a motivated seller can be a good investment for you and in the case of pre-foreclosure a good solution for someone else.


Locate pre-foreclosures in your city at www.ipreforeclosures


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