利用者:AndreiMonteith491
出典: くみこみックス
M (新しいページ: 'Ever Considered Foreclosure Investments While many saw the 2011 Foreclosure Crisis as a bad thing, there were those that saw a silver lining on that large gray cloud. These we...') |
M (新しいページ: 'Ever Considered Foreclosure Investments While many saw the 2011 Foreclosure Crisis as a bad thing, there were those that saw a silver lining on that large gray cloud. These we...') |
最新版
Ever Considered Foreclosure Investments
While many saw the 2011 Foreclosure Crisis as a bad thing, there were those that saw a silver lining on that large gray cloud. These were the individuals who saw that with a lot of foreclosures, there was a big opportunity for foreclosure investment. This past year has seen a boom in foreclosure investing, and many people have made a lot of money doing it.
Foreclosure investing is purchasing a home that has gone into foreclosure since the borrower was no longer in a position to afford their home. Depending on the state and the type of foreclosure, the sale of the home may go through a trustee or through the courts. When the home is sold through foreclosure, the money from the sale is used to satisfy the rest of the mortgage. Sadly, for the lender, this usually means getting under what the home was worth, but it is better than getting very little. For an investor, foreclosure properties present a great opportunity to buy a house for next to absolutely nothing. During 2011, many homes that were once valued over $400, 000, were now selling with regard to $100, 000. That meant that purchase buying homes and wholesaling all of them, or flipping and promoting them, an investor could make thousands and thousands of dollars on the home by holding onto it until the market improved.
The Stages of Foreclosure To be a foreclosure investor, you need to understand the stages of foreclosure. It all begins once the homeowner cannot make their own loan payment. Usually it will take 3 months of missed payments before the bank starts the process. Even at this point, the bank will try and work with the homeowner with new payment schedules along with a lower interest rate. If this fails, then the homeowner gets a summons using their creditors. The papers are also filed with the county clerk and become part of public record. Once this happens, the homeowner has a limited period of time to pay what these people owe. They have to spend the outstanding loan quantity, sell the home, or make a cope with their creditors. If none of these types of happen, then the home is put up for foreclosure sale. At this point, if no one buys the house that has gone in to foreclosure, the home goes back to the lender and the house because a real property owned property. By waiting until this particular stage, the foreclosure investor can get the property for a smaller amount. If the real estate investor buys when the home is in the foreclosure sale, or before, they will pay under what the home may be worth but more than if they wait until the home because a real estate owned home.
Going through a foreclosure is really a terrible thing for most people. It is unfortunate it happens but it often happens because people borrow more than they can afford. Of course, the most common cause of foreclosure is divorce, followed by a failed business venture. Either way, as a foreclosure investor, you can make lots of money in a very hard financial time.
