Whats better to invest in mortgage forclosure or back taxes closure real estate?

by Admin on February 7, 2007

ReRa!!! asked:


And where do I get good info. from? Should I talk to someone or do it on my own? TY!

Earl
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{ 3 comments }

valstpatrick February 7, 2007 at 5:04 pm

Stephen

If you purchase a tax foreclosure property is takes sometime before you can actually obtain the property. You are buying the debt not the house at that time. By law you have to notify the owner of your intent and then proceed with the foreclosure process. This is costly and time consuming. However, in the right circumstances it can be financially rewarding. Keep in mind this method of obtaining real estate is not easiest avenue.
Second, looking at foreclosed properties is a good way to get a discount on a home. You could save 10′s of thousands of dollars, but getting a home for hundreds of dollars is not possible this way/ The bank will want close to market value. Sometimes, you can work with the bank for them to work your financing for you as well.

Hope this helps,

jette n February 9, 2007 at 12:27 am

Francisco

start working

blesst5 February 10, 2007 at 9:35 pm

Jeremy

Try has a lot of information on buying foreclosures.

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