That’s the focus of our most recent edition of “Investment Exchange,” which is our FREE real estate email newsletter.
In fact, we plan to delve into preforeclosures in great detail over the next three editions of “Investment Exchange” in an informative three-part series. And that’s all because we feel strongly about the massive benefits and financial rewards of preforeclosure investing.
What’s preforeclosure?
During preforeclosure, a property still belongs to the homeowner, but the lender has initiated legal foreclosure procedures because payments have not been made and the loan is considered to be in default.
Purchasing preforeclosure deals — many of which are available for up to 50 percent less than current market value on Foreclosure.com — is a lucrative real estate investment technique that is perhaps the smartest and safest option available to experienced and first-time investors alike.
In the first part of our preforeclosure series, we discuss how to find good preforeclosure deals before the “competition.” From where to find potential investments to how to analyze them, our goal is to give you the tools you need to get on and follow the preforeclosure scent.
One quick hint: It smells like money.
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