Category Archives: Foreclosures

Niches That Bring You Riches:Courthouse Crapshoot for Real Estate;aka: Public Foreclosure Sales

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.
I am only covering this niche here in my blog to make sure it is understood that we are very much aware of all that it takes to buy properties at Public Foreclosure Sales. However, it is the only niche I am going to advise beginning investors to stay away from.  For this reason, I’m only going to spend a little of our … Read the rest

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Niches That Bring you Riches Pre-Foreclosures

In my last article I talked about Pre-NOD.Today I am going to talk a bit about Pre-foreclosures. The Pre-foreclosure niche is the process leading up to the final day a property in pre-foreclosure is possessed by the bank. This is the time you will reach out to homeowners in order to find out if you can help them with their situation to avoid foreclosure You want to approach the homeowner heading toward foreclosure with a spirit of caring.Your job is to discover what they need and find out if you can help them avoid foreclosure. This is where the
… Read the rest
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10 Roads to Real Estate Investing Profits

Road to opportunity“Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
The Bible – Ecclesiastes 11:2

This is good advice as long as you don’t get so spread out that you are doing too many things but nothing with success. It’s important we understand the fine line between focusing on one niche without putting all your eggs in one basket, (so to speak).

To simplify the term real estate investing, there are really only three ways for investors to make money in real estate:

  1. Real Estate Appreciation and Equity
  2. Cash
… Read the rest
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Avoid Foreclosure – Option 14: CHAPTER 13 BANKRUPTCY

Option 14. CHAPTER 13 BANKRUPTCY

Bankruptcy

Q: WHAT DEBTS ARE NOT DISCHARGEABLE?
With some exceptions, the following debts remain even after bankruptcy:
· Child support & alimony
· Student loans that became due less than 7 years ago
· Federal and state income tax obligations less than 3 years old
· Debts for restitution from criminal convictions and drunk driving
· Debts the bankruptcy court decides where from intentional acts, fraud or wrongdoing (e.g., lying on your bank loan application).

Q: WHAT IS CHAPTER 11 BANKRUPTCY?

Chapter 11 is reorganization for businesses and individuals with debts too large for Chapter 13. … Read the rest

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Avoid Foreclosure: Option 3- Equity Sharing

Option 3. EQUITY SHARING

Definition: Joint ownership of a property by one or more owner-investors and one or more owner-occupants. The owner-investors get the benefit of depreciation, and the owner-occupants can treat a part of their monthly mortgage payments as rent, and benefit from tax write-offs for interest and property taxes. When the property is sold, both types of owners share in the profit or loss realized from the sale or refinance.

This might be for you if there is some equity in the house and you would like to continue to hold it. It is vital you involve … Read the rest

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