CategoryForeclosures

HOW MUCH DO FORECLOSED HOMES SELL FOR AT AUCTION?

The quick answer to “how much do foreclosed homes sell for at auction?” is…it depends on the winning bid.  However, there’s really more that can be said to help us understand just how much you can anticipate paying for a foreclosure at auction.  Let’s start with a few statistics. According to Quicken Loans, “foreclosed homes could sell for anywhere between 18% to 59% less than a non...

How To Find & Buy A Foreclosure: Your Definitive Guide

Foreclosures are often thought of as the backbone of a successful real estate investing career. Whether your real estate strategy is to buy and hold (rent) or buy and flip (sell), foreclosures have the potential to make you money – potentially lots of it. In this post, I’m going to attempt to give you a thorough overview of how to find and buy foreclosures, so take a deep breath, find a...

WHAT IS A HUD HOME & WHERE DO YOU FIND HUD HOMES FOR SALE?

What is a HUD home & where do you find HUD Homes for sale?  Simply put, a HUD home is a type of foreclosure where the property did not sell at auction and, as a result, was acquired by HUD.  I’ll explain this in more depth later on and let you know where you can find HUD Homes for sale.  The purpose of this post is to answer the following questions: What is HUD? What Are FHA Loans? What is a...

REAL ESTATE FORECLOSURES: THE ULTIMATE GUIDE

Let’s talk about real estate foreclosures.  Real estate investing and real estate foreclosures go together like milk and cookies. However, there’s a myriad of different types and a multitude of ways people refer to real estate foreclosures.   Additionally, the process of purchasing a real estate foreclosure can be confusing.   Phew!  Anyhow, the goal of this post is to help make some...

WHAT IS A REO FORECLOSURE PROPERTY?

What is REO?  Do a little research into the world of foreclosures, and soon you’ll be completely and utterly confused.  Don’t feel bad.  The same was true for me when I first started investing in real estate, and I’m sure it’s also the case for many others.   You’ll hear many terms related to foreclosures including: pre-foreclosures, post-foreclosures, judicial foreclosures, non-judicial...

HOW TO FIND SHORT SALES IN YOUR AREA IN 5 MINUTES

Let’s discuss how to find short sales in your area.  Regardless of what your real estate investment strategy is, you likely want to acquire properties as inexpensively as possible.  Short sales are a great way to do that, but where do you find them?   In this post, I’m going to share some quick, free, and simple ways to find short sales in your area.  First, let’s make sure we have a clear...

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