Tag Archives: financial situation

Niches That Bring Your Riches: Purchasing Property From Estate Filing Bankruptcy

Petetion to File Bankruptcy

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

Purchasing property from a bankrupt estate can be a road to long-term gain. The process takes firm resolve and a large measure of patience.

However, today the number of bankruptcies is staggering. Therefore the pot is full of leads. Look at these numbers ….there was 1,367,006 bankruptcy filings in just the past 12 months and another 1,641,127 in pending status.

  • What is Chapter
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Niches That Bring Your Riches:The Short Sale Solution

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

The term “short sale” isn’t actually a niche in the same way as others are. It’s actually a strategy for purchasing properties with no equity in pre-foreclosure. I’m listing it as a separate niche because though you will fall into situations where a short sale is necessary when dealing with pre-foreclosures, and should know how to handle a short sale when … Read the rest

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Avoid Foreclosure: Option 2- Refinancing

Option 2. REFINANCING

Definition: Paying off an existing loan with the proceeds from a new loan, usually of the same size, and using the same property as collateral.

I don’t believe that refinancing your home is always in your best interest. Sometimes, once your financial situation is examined in both the short and long term it may be the worst thing you could do at this particular time. However, sometimes, refinancing your home is the best move you can make providing you have the income to support the new payment. This option is only available to you if your … Read the rest

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