Saturday, June 17, 2006

Foreclosure Investing Questions Answered By Yahoo!

Foreclosure Investing Questions Answered By Yahoo!

I wanted to give you the heads up here on some awesome question and answer going on in Yahoo Answers dealing with Foreclosure Investing.
You should go there and check it out.

Here are some of the solid foreclosure investment questions being fielded as of today.

Is investing in foreclosure homes a good business to be in?

Is buying foreclosures a good way to invest?

Are foreclosures a good investment option?

Where can I find listings of foreclosure and repossed homes in Kansas for free?

What's the first step in getting started in real estate investing?

Can you buy a home after foreclosure and if so, how long does it take?

I am looking in to investing in tax deeds in Texas. Looking for any helpful information.?

how to find bank owned propertys?


Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.

Google Answers and Yahoo Answers Tell you all you need to know about foreclosures!

Foreclosure Investing Answers on Google Answers

One of my best sources of information has been Google Answers.
This is where readers offer a fee for answers by researchers, professors and pre-screened staff.

The awesome part is that you don't actually need to pay to read answers to other people's questions.

So you get to have all that knowlege for free.
Well this got a little better because Yahoo just came out with their version of Yahoo Answers.

As an example, I was researching a topic on Foreclosure property research and my first real answers came from Google Answers over here.

I then headed on over to Yahoo Answers and searched for "Foreclosure investing" and got this answer:

You see my friends, all your answers all available courtesy of your favorite search engines.

Good luck and happy investing.


Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.

Sunday, June 11, 2006

Dangers of Sale-Lease Back when Investing in Foreclosures

Dangers of Sale-Lease Back when Investing in Foreclosures

One of the oldest techniques when investing in pre-foreclosures is sale-leasback.
In essence you approach a seller in foreclosure, offer to buy the property and lease it back to him giving him the option to buy it back in a few years.

In essence hoping that he won't and you'll evict him.

Problem is, if not structured properly, and if you use creative financing techniques, the homeowner can claim the sale as being nothing more than a refinance or he can claim he didn't realize what he was doing.

You've got to be real careful when dealing with homeowners in foreclosure especially senior citizens.

Courts truly frown upon investors who try to take advantage of the elderly and I don't care how you structure it and how much you disclose the risks. When in court, the seniors have all the advantages and you as the investor are the "bad guy".

So keep this in mind when structuring your next sale-leasback or creative foreclosure deal.




Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.