| A home that is a pre-foreclosure listing is one that is in | | | | to go ahead with purchasing the home. |
| between the time when the first Notice of Sale has | | | | Two Buying Options |
| been issued by the bank, and the actual foreclosure | | | | After you know that the pre-foreclosure listing can be |
| auction where the home sells or the bank takes | | | | a good investment opportunity, then you have two |
| possession. There are ninety days given to the home | | | | options open to you as a buyer. |
| owner to clear up the outstanding debt on the home, | | | | First, you can make an offer directly to the home |
| before the actual foreclosure happens. During this time | | | | owner themselves. Get your offer in writing, this is |
| an investor, or home buyer, has a great opportunity to | | | | made a lot easier when you get a real estate agent to |
| capitalize of the pre-foreclosure listings. | | | | help you, and present it to the home owner. During this |
| Find Quality Pre-Foreclosure Listings | | | | time, if the owner is still in the home, they will want to |
| To get the best deal, you need to find the best quality | | | | sell to avoid actual foreclosure and any credit damage. |
| homes. Look in the weekly newspaper for | | | | Most times, a pre-foreclosure listing can be bought |
| pre-foreclosure listings, and check out your counties | | | | here and at a very good, below market value price. |
| records office. These will have the recent listings for | | | | The second way is to wait until the foreclosure |
| you to check out. | | | | auction. If you have determined that the home is |
| Get A Home Inspection | | | | worthy of bidding on, and the homeowner is either |
| If you find a home that you might be interested in take | | | | absent or doesn't want to sell for a lower price, then |
| this opportunity to have a home inspection done. You | | | | you can bid at auction. |
| might have to pay for this, but it is worth it if you plan | | | | |