When homeowners fall behind on mortgage payments, a foreclosure may occur. A foreclosure is a process in which a financial institution repossesses or sells a piece of property because of a loan default. Mortgage lenders usually consider a mortgage to be in default when payments haven’t been made in three months. When a mortgage loan is in default, the mortgage lender can start the foreclosure proceedings of the property.
Information is everything! Up to date accurate information is essential for investing in foreclosures. You will need a source for knowing what properties are going to sale, for how much and when (this is how I can help you).
Buying homes in pre-foreclosure is about timing and reaching the homeowners early on to help them. Many of these homeowners don't know who to turn to. They are mostly scared and/or worried. Wouldn't anyone be fretful in the same situation? When a homeowner is unable to pay one or two mortgage payments, it is almost prescient that a foreclosure ahead.
As investors we have to think about the reality these people are facing and present them options in a hopeful manner, to help them move forward in their lives. I can provide you with all the tools you will need to buy pre-foreclosures property.
Call Rob Rosa today at 860-558-2122 or email him at firstname.lastname@example.org to discuss how I can help you buy properties in pre-foreclosure and in the foreclosure process.
Rob Rosa is the President of Rubicon Crossings Realty, LLC. His organization is an emerging leader in real estate, mortgage, and property management services. Their mission is to help investors take the next step to financial freedom by providing education and resources concerning real estate financing and investing.