| When it comes to bargains in real estate, it is hard to | | | | the home before the auction date. This means that the |
| beat the bargains you will find in the Pre-Foreclosure | | | | owner sells the home before it is foreclosed , so that is |
| listings. By using this form of listing, everyone gets a | | | | not on his credit record. In many of these cases the |
| fair shake. The owner gets to sell before the home | | | | owner of the home can get out of the situation he is in |
| goes into foreclosure, the bank gets the loan paid off, | | | | and end up with money in his hand. This also gives the |
| and you usually get some money placed in your | | | | owner a great relief from the stress that he has been |
| pocket. | | | | experiencing. |
| When we talk about pre-foreclosure listings, we are | | | | The buyer or real estate investor gets a good deal in |
| speaking of homes that have begun the foreclosure | | | | this type of transaction also. In most cases the home |
| process, but have not gone to the stage of being | | | | is sold for below the current market value, giving the |
| auctioned off by the bank. Usually this is at the time | | | | investor built in instant equity in the property. |
| the owner is a payment or two behind and has | | | | In today's world there is not often that everyone |
| received the letter from the lender telling of their | | | | comes out a winner. In this case, with pre-foreclosure |
| intentions to foreclose if the situation is not remedied. | | | | listings, the owner gets out of a bind, the bank gets |
| The owner can still arrange to sell the home because | | | | paid off, and the investor gets instant equity. This is |
| he still owns the property. | | | | truly a win, win, win, situation. |
| There is a window of time in which the owner can sell | | | | |