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2006 Data
Active
Avg Value
New Foreclosures
Feb 2006
6,187
$128,900
1807
6 months Back
5838
$125,550
1265
% Change
6%
2.7%
42%

Foreclosure Investing

The opportunity to buy a pre-foreclosure property opens the day the "Notice of Default" is filed. The opportunity ends on the day the property is sold at the auction. The time between these two events enables a buyer to work with the homeowner and the lender to negotiate and structure a deal that could be a win-win deal for everyone. This is the only time in the entire foreclosure process where the buyer can use conventional mortgage, hard moneylenders or creative financing techniques to buy the property.

 


 

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