| Learn More Tactics with Pre Foreclosure Real Estate | | | | If not, be prepared to start calling the bank on title and |
| You've gone through the process of creating your pre | | | | have your Authorization to Release Information |
| foreclosure letter, using all your pre foreclosure | | | | document signed by the homeowner ready to fax so |
| information and now you've got your purchase offer | | | | they will speak to you. |
| accepted by the bank. Yah! You feel success! But it's | | | | If not, it could be pretty tough going to get it closed. |
| not over. Now you're down to the closing and are | | | | Make Money Buying Pre Foreclosure Real Estate |
| doing a title check. | | | | But I say, "don't give up!" You have come this far. |
| You find out the bank you've been negotiating a short | | | | You've gotten your discount; you have your money |
| sale or preforeclosure short sale with is a bank that is | | | | lined up. Keep following up because the cash from |
| not even on title. It appears they don't own the note. | | | | your pre foreclosure house is almost in your hand! |
| How can you find this IMPORTANT pre foreclosure | | | | So What is the Single Most Important Thing to do |
| information MUCH soon in the process? | | | | When Closing a Pre Foreclosure Real Estate |
| Buying Houses Pre Foreclosure | | | | Purchase? |
| You've got to check your title as soon as you get | | | | Get your title search done as soon as you have |
| your pre foreclosure real estate deal accepted by the | | | | acceptance from the bank. I don't do it any earlier |
| bank. Make sure the bank you got the acceptance | | | | because the bank can easily change their mind about |
| letter from is on the title search as holding the note to | | | | selling at your purchase offer as it goes for |
| the property. | | | | management approval. You've now spent money on a |
| If not, you're going to have to get the "assignment" | | | | house you can't afford because management wanted |
| documents from the bank listed on the title search and | | | | the purchase price increased significantly. |
| have it recorded at closing. This will prove ownership | | | | I won't spend money on a pre foreclosure real estate |
| of the note and that the new bank you've been talking | | | | deal until I know the bank is willing to accept my offer. |
| to has the right to negotiate a short sale and with the | | | | Then, you bet. Get the title search. Ask the title |
| owner's signature on a purchase contract, sell the | | | | company to explain it for you, outstanding liens, |
| property to you. | | | | ownership of note, any taxes due, etc. if you don't |
| The current bank who is working the pre foreclosure | | | | understand exactly what you are reading. Then get |
| lead should help you track down the assignment | | | | your cash lined up and collect your CASH from buying |
| paperwork. | | | | homes pre foreclosure! |