In September, I posted an article on "How To Protect You From The Home Foreclosure Avalanche?"  In it, I used the word "avalanche" because the number of foreclosure proceedings increased so much and so rapidly starting from last year. Even worse, the number of foreclosure proceedings has reached a new high. But, this is not the end yet. Ten million borrowers who had adjustable rate loans are slated to undergo a “rate reset” over the next three years.  

Taking Atlanta as an example, the number of foreclosures was around 5,000. But in October, it has about 6,700 foreclosure proceedings. This is very bad news for huge number of homeowners. However, this is a rare opportunity window for real estate investors.

There are several ways you can make money during the different stages of foreclosure proceeding. Read more

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Home foreclosure is a process that a lender repossesses the subject property due to the borrower’s default on mortgage loan payments. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. If the borrower does not take any actions, or the actions borrower took don’t satisfy the lender, then the foreclosure process ends up at the courthouse auction for the foreclosure sales.

In order to successfully make money on foreclosure properties, first of all, you should fully understand the process of home foreclosure and then identify the where the opportunities are, and take right actions to succeed.

The foreclosure process can be divided into three phases: Read more

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