Avoid+foreclosure The Foreclosure Process Could Make You In Excess Of $100,000 This Year – If You’r
There’s money to be made all throughout the foreclosure process. Most people already know about mortgage pre-foreclosure investing, buying properties at tax sale, and buying REO properties. Those are okay investments – but there’s a lot of risk, not to mention a lot of competition. Here are a two simple ways you can make a lot of easy money from the foreclosure process, without competition, and with less than $1000 in operating capital.
1. Buy tax foreclosure property – but only at a specific point in the foreclosure process. An insider secret to buying tax foreclosure property is to buy directly from the owner, after the tax sale. There’s a short redemption period after the sale where owners can still pay their taxes. Those that can, do. Those that can’t, will sell to you. Most investors don’t realize that in most places, it’s still legal to buy even after the tax sale, so competition is next to zilch.
If you’re willing to make a deal with the owner to pay them a percentage of your profits, you can likely buy their deed for next to nothing – a few hundred dollars, if that – flip the property for whatever you want, and walk away with $10,000+ on a $100 investment.
2. Forget owning property, and go after the overages. When the foreclosure process is completely over, and the redemption period has expired, most people don’t realize that they frequently have the right to collect whatever money was paid for their property that’s left over once the debt is paid. This regularly runs into the tens of thousands of dollars. The worst part is, if they don’t collect it, after a year or two it escheats to the government – and they can never collect it again.
Due to a very little-known loophole, these funds are usually not subject to money finders’ caps. Since reconnecting these owners with their funds is an extremely valuable service – they would likely lose it all, permanently, otherwise – you can, and should, legally charge up to a 50% fee to collect their money. It’s a spectacular way to make an easy six-figure income this year – you just have to know how to find these funds, and approach their owners so they don’t try to go around you and avoid your fee.
So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages “Insider’s Guide.” Visit http://Tax-Sale-Overages.com now.
Or, learn insider deedgrabbing strategies from this *free* report. Visit http://DeedGrabber.net now.
Land Auctions: Avoid Foreclosure Today
Article Source: www.articlesnatch.com
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- January 23, 2010 / 7:30 am
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