Record Foreclosure Rates Could Mean Cash in Your Pocket

April 20, 2011 by

Foreclosure bookWith the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country. In 2005 there were 850,000 foreclosures, with the number of foreclosures increasing every quarter.

All these foreclosed properties offer you a great investment opportunity. You can scout and buy homes in foreclosure, then keep them as rental properties and collect monthly checks from tenants. Or you can purchase foreclosed properties and flip them, renovating and selling the homes for a profit. The time has never been better to use the real estate market to your advantage.I was recently sent a free copy of a great foreclosure book by a real estate pro by the name of Denise Evans. Her book, The Make Money on Foreclosures Answer Book: Practical Answers to More Than 125 Questions on Investing in Foreclosure Property is a straightforward, easy-to-follow guide to making money from foreclosures.

A quick and authoritative reference, the book explains all the elements of the foreclosure process and reveals everything you should keep in mind as you deal with foreclosed properties. The Make Money on Foreclosures Answer Book answers the most common questions about working with foreclosures, covering such topics as:

  • Finding properties to buy
  • Borrowing money to fund your purchase
  • Determining your costs
  • Buying pre-foreclosures and buying at auction
  • Buying through a bank or the government
  • Tax and legal issues
  • Bankruptcy
  • Dealing with the property’s former owner

Written by a real estate broker and attorney with over twenty years’ experience making money in the real estate market, The Make Money on Foreclosures Answer Book reveals insider tips and strategies that will help you buy foreclosure properties safely and sell them to earn a profit. Check it out on Amazon to buy or read more about it.

About the Author
Denise L. Evans received her law degree from the University of Alabama Law School. She is a licensed real estate broker, an active member of the Commercial Real Estate Club of Birmingham, and a research associate for the Alabama Real Estate Research and Education Center. She resides in Tuscaloosa, Alabama.

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169 Responses to “Record Foreclosure Rates Could Mean Cash in Your Pocket”

  1. John Carle on September 2nd, 2008 9:29 am

    I find the foreclosure business in the U.S. interesting as it presents a view into the future for our Edmonton, Alberta, Canada real estate market. We always move about a year or 2 behind you. I guess it’s coming… Wish me luck!

  2. Real Estate Raj on September 10th, 2008 11:10 am

    I think the foreclosures in the Sunbelt markets have drastically reduced home prices but that doesn’t always equate to real estate deals

  3. Dana on September 14th, 2008 7:53 pm

    I believe if you are in the position buy up your dream houses in your dream locations now. You can really get them at a steal!

  4. Loanspeed on September 21st, 2008 9:36 am

    I agree with most statements made here. The ability to purchase in this market will show your strength in the future.

  5. Idaho Homes on September 29th, 2008 10:36 am

    I think typically when it comes to foreclosures a lot of the time they end up being homes that not many people want to buy. Of course there are exceptions. However this year changes much of that. There are millions of homes nation wide that are entering foreclosure, if not already. The difference is many of these homes are quality single family units that make for a good investment. They are in good parts of town and for a reasonable price. I think this year presents a good opportunity for investors as long as they don’t get themselves upside down.

  6. Seanster on October 2nd, 2008 5:26 am

    Useful post and great responses.

  7. MA Realtor on October 14th, 2008 5:40 am

    Here in the northeast we have our share of forclosed homes but most of these homes are being listed with real estatebrokers instead of the “old school” way of the early 1990’s when the bank would simply give it to an auctioneer and have them sell it on the street. Auctions are the best way to get the nest buy. I find that the banks are getting more for these properties by listing them with brokers but they are taking a lot longer to sell and the large numbers of them are dragging down the rest of the market.

  8. Kathy on October 14th, 2008 2:23 pm

    in California there are a lot of foreclosure auctions all around Southern California. Definitely a must go to. Houses go relatively cheap!!

    Watch this interesting video by an artist, Cadence Weapon called “real estate” –

  9. Prabhjit Singh on November 4th, 2008 5:15 am

    We have seen an increasing number of foreclosures in Washington D.C., Maryland and especially in Virginia. In Virginia prices of homes have dropped by more then half. A house that used to cost $800,000 now cost somewhere in the neighborhood of $400,000!

  10. HE Matthews on November 15th, 2008 7:08 pm

    I agree that this is a great time to be investing in real estate.

    I prefer pre-foreclosures. REO’s are harder to close than short sales. Now that the bailout funds are not going to be used to buy up bad debt, mortgage lenders are accepting 50% of fair market values to avoid foreclosure proceedings.

    Short sales are what’s selling right now.

    Temporary 1% funding for short sales is now available.

  11. Martin T Max on November 17th, 2008 6:31 am

    It is very sad and unfortunate so many people are losing their homes. I for one point my finger primarily at the banks. pssst, did you see Citi is laying of 50k people, front page of CNN. For investors though, now is the time to pounce. A solid credit score is key though. There’s a great article here.

  12. MN Real Estate Agent on November 20th, 2008 11:19 am

    It’s a great time to buy and bargain hunters continue to move in to take advantage of the high inventory, rock bottom prices, and low interest rates.

  13. Shane O'Sullivan on November 20th, 2008 7:19 pm

    Foreclosure are a great way to get real estate, but one of the best ways is to be able to get to it when it is in the Pre-Foreclosure stage. That way you don’t have to deal with the banks.

  14. piret on December 3rd, 2008 8:40 pm

    Hi, I would like to know if its true that the foreclosure properties can be sold as little as 10K+ as advertised online. Is there a catch to it? Do you have to buy for cash only? etc.

  15. Rob on December 4th, 2008 1:16 pm

    I’ve never seen such record foreclosures in Phoenix. If you have the cash, now is the time to build a portfolio of investments that cash flow immediately. I stumbled upon this site (from stumbleupon) the other day. It just shows how much choice there is. I’m hoping to pick up at least 2 properties this year.

  16. Ivy Equity Realty on December 4th, 2008 10:56 pm

    The complications involved in purchasing a foreclosed property are exponentially greater than purchasing a conventional property. As a result, it is particularly important to have a real estate broker knowledgeable in the legal issues involved in a foreclosure.

  17. Chuckbob in Rockford IL on December 12th, 2008 12:46 pm

    It’s real easy to buy distressed properties all over the U.S. but what to do with them once you get them is the big question. I’ve learned the hard way the real estate problem that can’t be fixed is this, “paying to much”. You can’t cash flow, sell quick or borrow against(cash out)if you paid to much. Anything else, bad neighborhood, horrible market, etc, you can remedy that if you pay the right price.

    Happy Investing, buying and selling!!!

  18. Idaho land on December 15th, 2008 8:34 pm

    We have seen record foreclosures as well. We have found that the Idaho foreclosures do very well though.

  19. surabaya property on December 18th, 2008 11:45 am

    When price is falling down, like this economic climate, it’s a best time to buy properties such as ; home / regency (rumah),vila, apartemen or even foreclosed house . Whatever to invest or to live in. But not to forget some consideration, such as, quality, location, legal etc. As long as we can manage and know the prospect of the properties it’s no matter to invest as much as we can.

  20. Rick Carter on December 22nd, 2008 11:22 pm

    This is a great time to refinance or buy a property because of two facts. 1) Homes are cheap 2) Interest rates are low. But be cutious!

    Rick Carter

  21. John Carle on January 3rd, 2009 2:59 pm

    Regardless of what you buy, foreclosure or not, make sure you put enough down to make it cash-flow as a rental. If you don’t, you’ll be at the mercy of the market fluctuations and could end up as a foreclosure yourself… bad deal.

    – John Carle
    Edmonton real estate agent
    ReMax Real Estate (Edmonton) LTD.

  22. Quick Cash on January 12th, 2009 1:43 am

    This is a great book for many who need an investment; good also for those who need urgent cash to sustain their survival for this hard time of economy. Getting quick cash through payday loans from Personal Money Store is fast, easy and most importantly, safe and secure. People who take out payday loans know exactly what they are getting and how much it will cost. Amid the many scams that hit consumers in 2008, it�s nice to know that getting loans from places like this is straightforward. But in 2008, some people seeking to lower mortgage payments, reconfigure loans or just get their stimulus checks were victimized by con artists. This article goes over the scams that hit consumers last year. I also found some important guidelines that I was not aware of before: the IRS will never contact you by phone, mortgage counselors don�t charge fees upfront and I need to keep an eye on my Internet bill next year.

  23. Foreclosed Property on January 26th, 2009 3:34 pm

    Now is the time to look at foreclosed property as well. There are many undeveloped land parcels out there that are worth looking into. These can be turned over as is, or improvements can be made for possibly even more of a return.

  24. Canton foreclosures on February 8th, 2009 11:26 am

    This book looks interesting, I will have to check it out.

  25. Woodstock foreclosures on March 1st, 2009 5:51 am

    This book is a great resource and looks like a good one. Thanks for sharing.

  26. REmentors on March 4th, 2009 5:42 am

    Interesting book, I look forward to finishing it.
    I am buying houses now, even in this slow market, and yes, in one of the hardest hit areas of the country.
    We have houses in foreclosure, houses foreclosed on already, and more headed that way all the time.
    In my residential neighborhood alone (where I live), there are 3 bank owned houses and four neighbors I know of who are in foreclosure.
    Kind of frustrating too, seeing as how I’m an investor with vehicles marked up with my logo saying I buy houses.
    Might have been able to help some of these folks before it got too late.

    Anyway, that’s the thing, while I am buying a lot of houses a the moment, because deals are there, the key is just that……to buy at a deal.
    If a house is worth say $100k TODAY, it might be worth $90k next year, perhaps less. So, I need to buy at $50k for it to make sense……….enter the bank owend properties, and we can do just that, all day long.
    There are others we buy as well, not bank owned, as sellers are having a time selling at all, and agree to discounts just to get out.

    Bottom line, it’s time to buy, but requires diligence, and investor mentality, not speculation……..thats what led us here in the first place, speculators.

    Thanks for the blog post, I’ll check back often,
    a/k/a The Biker Who Buys Houses
    my blog:

  27. brewer caldwell on March 6th, 2009 3:05 pm

    I agree with your article, you may have to put a little more time and money into a foreclosure, but I think it’s well worth the investment. Now is the time to buy!

  28. Cleo Shahateet on March 7th, 2009 2:28 am

    I am moving back to the US in a few weeks and would like to buy a home in Chantilly, Virginia. The homes that I like are about 100,000 over my budget, it seems that maybe a foreclosed property would be the way to be able to get that, but from what I understand is that it can be time consuming and risky. We need to find a home within a reasonable time, so I am afraid of going down that road.

  29. Mike from NYC on March 8th, 2009 6:50 am

    Still feel that way since your posting in September? Glad I didn’t listen to your advice.

  30. Jonathan Phan on March 9th, 2009 5:02 pm

    Working foreclosures is just another part of the business. I don’t mind working them.

  31. Jared Gruber on March 10th, 2009 7:23 pm

    Agreed – you need to have familiarity with them. REOS and short sale opportunitys WILL be sent your way – whether you are prepared to handle them or not is a different story.

  32. Buy Houses Below Market Value on March 16th, 2009 8:17 am

    I agree that there are many ways to make money from this foreclosure market. I work in Grand Rapids, Michigan, and even though our economy is one of the slowest in the nation, I still see many buyers and investors successfully turning a profit from foreclosed homes.

  33. Jon Zorrer on March 29th, 2009 5:56 pm

    I agree there are so many opportunities to capitalize in the pre-foreclosure market right now. Short sales is something that could actually help solve this problem. Dispose of the foreclosure property, get the loans of the banks books, and help provide housing for those who have been left in the foreclosure crisis.

  34. Wim Taylor on March 31st, 2009 11:29 am

    In Baltimore, we are seeing folks getting into trouble in terms of foreclosures but it is typically those who bought at the high end and essentially were speculating. We adhere to a low end theory principles of investing with multiple exit strategies and while we have seen an uptick in the foreclosures we are able to pick up for cheap, we continue to pick up vacant properties from distressed sellers. We are also seeing situations where rents are 2 times mortgage amounts. We invest for cash flow though and not appreciation so we have been able to avoid the foreclosure bug that has bitten many investors. For more information on investment opportunities in Baltimore, MD visit

  35. Dave Wagner on April 6th, 2009 11:56 am

    Sure, cashing in on foreclosed and preforeclosed homes may seem fantastic, especially when the price is half of what it was two years ago. Always keep in mind though what may happen in the market in the next two years. There is no guarantee that house you picked up for fifty cents on dollar won’t be worth twenty five cents on the dollar in six months time.

  36. Brandon on April 21st, 2009 7:31 pm

    Good luck with your book sales.

  37. randi on April 24th, 2009 2:29 am

    yes, you are correct its always difficult to see when you house falls by half
    you never know whats going to happen

  38. Joe Kaiser on April 26th, 2009 1:16 am

    Foreclosure investing is a tricky business at the moment, particularly with predatory attorneys looking to unwind any deal where an investor profits at the homeowner’s expense (that’s how they view it).

    Even more troubling is ignorant, over-zealous consumer protection terrorists who consider a nickel of profit as evidence of a foreclosure scam.

    If you’re investing in distressed property in this environment, BE CAREUL.

    Joe “the scammer” Kaiser
    10 years, 400 deals, 0 complaints

  39. aspire on April 29th, 2009 7:24 pm

    Sounds interesting, I’ll have to check it out.


  40. Jim Ingersoll on May 10th, 2009 5:36 am

    I believe we are experiencing the greatest transfer of real estate wealth of our generation. Everyone should be buying as much as possible right now.

    Great blog


  41. Bob Ross on May 15th, 2009 4:48 pm

    I would like to know where I can get financing with my bad credit?

  42. Walter Grande on May 27th, 2009 8:11 am

    Before any jumps into the market of buying and selling foreclosures, you need to read. The market is tough, but putting all your money into an investment and then losing out, is even tougher. READ UP on foreclosures before your the loser.

  43. Atlanta Real Estate on May 28th, 2009 6:35 pm

    I do mainly high end in North Atlanta. I hate foreclosures and my clients are typically not even intersted. It’s so over hyped.

    THE best deals are on spec homes owned by builders still in business. Nothing like a new home for a couple a hundred less than it was last year.


  44. Cleo on May 28th, 2009 6:50 pm

    You are right RM. I agree strongly with your comment. I would add that any home from a builder would be the right choice now.

  45. REO Direct Partners on July 13th, 2009 8:49 am

    If anyone is interested in working with some REO properties, check out our company: or feel free to call us at 888-362-1444.

  46. prashant on July 15th, 2009 3:45 am

    hey i completely agree with ur idea.
    Boise real estate

  47. Anthony Berg on July 18th, 2009 12:55 pm

    To Whom It May Concern:

    My opinion on this forum will be extremely biased as I am the Vendor Relations Manager for Absolute REO Solutions, Inc. and I profusely believe in our product and in the success of our partner agents along with us. I will try to answer some of the questions raised in this forum and also provide some additional information regarding what we do and what sets us apart from the competition.

    Our team is comprised of professionals that have been in the mortgage, real estate and wholesale lending industries for an average of 15 years each. The owners ran one of the largest mortgage broker shops in Illinois and were consistently on the top 10 list of several of the Nations Largest Wholesale Lenders. Our Asset Managers are former Regional Managers and Account Executives from these very Mortgage Wholesale Lenders. As a result they have a wealth of personal connections in the industry with the lenders that remain as both wholesale lenders as well as servicers. In addition to that, through our association with the ICBA (Independent Community Bankers of America) we have access to their 5,000+ member base and are the only REO company endorsed by them. We will have a booth at their Convention in Orlando in March as well as one at the ABA convention in October. We provide lenders with a “one-stop-shop” solution to dealing with their defaulting loans. We offer the option to take the process over from day one, from the first default and start of negotiations with the mortgagors on behalf of the lender to try to find a workable modification plan. If that option does not work out then we try to Short Sell the property to minimize our lenders losses by not incurring additional interest losses as well as property tax losses and legal expenses. If all options fail, we continue on through the foreclosure process. We constantly inspect the properties to make sure that no economic or physical deterioration is taking place while the properties are in initial default or when they become bank owned assets. We have been operational in Illinois and have Banks, Institutional Investors and Private Investors that have handed over their portfolios for us to manage. Due to our contacts in the industry and our presence through their respective associations we have decided to expand out to more foreclosure prone areas and offer our services to a wider client base. Before doing that we have to ensure that we set up a good vendor list of Realtors TM, Preservation Companies and Attorneys that will be able to service our clients needs.

    In most cases we try to retain the management portion of the transaction and leave the Realtors TM with what they do best… MARKETING AND SELLING THE PROPERTY. As a result, our vendors are able to market more properties in less time without focusing on the many ministerial acts involved in an REO transaction.

    Some of the benefits that we provide to our vendors are the ability to post their listings on our website for wider exposure and a free advertising venue. In addition to that we try to give our vendors all the tools they could possibly need to grow their own business. We provide fully customizable forms that Realtors TM could use with their name and logo for the following tasks:

    REO forms, disclosures and contracts
    BPO forms for both Fannie Mae and Freddie Mac loans
    All contracts, explanations and disclosures for short sales
    All contracts, forms and explanations for loan modifications.

    These are forms that have been prepared by our legal and marketing teams and are at your disposal at no additional cost.

    For your $295 you are purchasing a “Lobbying” group of professionals from within the industry to “Lobby” the lenders on your behalf as well as the possibility to use the tools provided to you from the onset. Finally, as an added bonus, we send our vendors out a 1 GB Credit Card sized memory sticks which contains all the aforementioned forms that are accessible off-line and plenty of memory left to use for their own needs.

    Should you have any further questions please do not hesitate to contact me at 847-999-4346 or by email at


    Anthony Berg

    Vendor Relations Manager

  48. Frank on July 21st, 2009 7:07 am

    Good Luck.

  49. Frank on July 21st, 2009 7:08 am

    Good and bad oppertunities.

  50. Moshe Cohen on July 22nd, 2009 4:47 pm


    HVCC Continues to devastate home values across the US. We fear that with higher Fannie and Freddie loan limits it will carry through to our former “jumbo” markets, leading the country even further into recession. As we’ve shared, Representatives Childers (D-MS) and Miller (R-CA) introduced legislation (H.R. 3044) requesting an 18 month moratorium on the Home Valuation Code of Conduct (HVCC). H.R. 3044 now has 22 co-sponsors and now is the time to forward our petition to every person you know and every representative in the country. Read some of the comments in the petition and you will soon understand the harmful nature of this horribly misguided code.

    ThinkBigWorkSmall applauds the introduction of H.R. 3044 and would like to thank Representative Childers (D-MS) and Representative Miller (R-CA) for their continued efforts and leadership on this issue but it is not enough… Tens of thousands of consumers have already been robbed of their opportunity to enjoy historically low rates by Attorney General Andrew Cuomo’s rule. HVCC needs to be permanently reversed in order to restore lower costs to the consumer and to protect the thousands of real estate transactions stalled by this horribly misguided code.

    Please sign and forward the following petition and forward to everyone you know in the industry and ask them to forward to their representatives:

  51. Moshe Cohen on July 29th, 2009 8:58 pm

    Wait till 2011, dont catch a falling knife.

  52. mortgage loan modification on August 13th, 2009 1:31 pm

    Denise Evans has definitely established herself as a credible expert on foreclosures. Its interesting to look back at articles from last year; so much has changed! Most people don’t seem to realize that, yes, the general trend of the real estate market is still one in decline, it is possible to make a killing purchasing a foreclosure that is well under value. Happy home hunting, investors!

  53. Staten Island Real Estate Agent on August 19th, 2009 10:31 am

    When it comes too real estate you need to be watchful of everything. The littlest change could move the market in your favor for a limited time. Always be mindful of your market.

  54. Rob McCance on September 6th, 2009 1:09 pm

    I just sold a builder model home this past Friday that was $300k even with $5k closing costs paid.

    The notable thing? It was discounted $208k!!

    This is in North Atlanta (Cumming). Probably the largest % discount to date for me.

    Earlier in the year I gor a $1.3M home for $985k. Another builder spec in a high end n’hood.


  55. RheaRhea on September 19th, 2009 3:13 am

    I am Rhea S. I have visited your website and I would like to congratulate you on building such a valuable online resource. I am sure your visitors find your site as useful as I did.

    Have a great day.

    Thanks and regards,

    Rhea S.

  56. RheaRhea on September 19th, 2009 3:14 am I am Rhea S. I have visited your website and I would like to congratulate you on building such a valuable online resource. I am sure your visitors find your site as useful as I did.

    Have a great day.

    Thanks and regards,

    Rhea S.

  57. michael thompson on September 20th, 2009 2:36 pm

    For less risky investments, have you heard about tax deed sales? Investors tend to get more bang for their buck with a higher returns on their investment. These government auction properties are often sold for just the back property taxes and a few other incidential fees. Our website posts the sales lists and resources for sales in the 67 counties in Florida and for online and sealed bid auctions for other states around the country. We also give you free forms to sell or rent your property just for signing up.

  58. Atlanta Real Estate on September 27th, 2009 6:27 am


    Very cool, I love San Diego. I’m in Atlanta but been over there lots of times in the last 10 years.

    Was just in Portland last week and thought the weather can’t compete with SD, it’s got a certain charm to it.

    Send me the lsiting for the $84k condo, I want to see what this gets you.

    Also, I visited your twitter site. Lots of followers and followees. Do you find that this helps your business any?


    Rob in Atlanta

  59. ViewMe on September 29th, 2009 9:36 am

    Very interesting statement from Anthony Berg….

    To Whom It May Concern:

    My opinion on this forum will be extremely biased as I am the Vendor Relations Manager for Absolute REO Solutions, Inc. and I profusely believe in our product and in the success of our partner agents along with us. I will try to answer some of the questions raised in this forum and also provide some additional information regarding what we do and what sets us apart from the competition.

    Our team is comprised of professionals that have been in the mortgage, real estate and wholesale lending industries for an average of 15 years each……etc etc.

    A company that obviously prides itself with regards to its clients and their needs.

  60. Rob on September 29th, 2009 10:03 am

    “My opinion on this forum will be extremely biased as I am the Vendor Relations Manager for Absolute REO Solutions, Inc. and I profusely believe in our product and in the success of our partner agents along with us. I will try to answer some of the questions raised in this forum and also provide some additional information regarding what we do and what sets us apart from the competition.”

    That’s cool, glad to have you here. Please contribute as you see fit.

  61. Sell Your House on October 3rd, 2009 9:09 pm

    Investing in forclosure is the best thing in real estate.Because we can get the houses in 50% of original value.As you said renting the houses is great thing.I will keep your idea.

  62. randy salmon, Jr. on November 20th, 2009 7:06 pm

    At Coastal Reo Solutions in Myrtle Beach, South Carolina we can provide all the information you need to help in the foreclosure and short sale process.

  63. Habeeb on November 25th, 2009 7:23 pm

    Killer strategies for finding buyers

    September 23rd, 2009

    Tips for selling real estate at lightning speed

    If you’re like me, you can never have too many investing strategies and you’re always in search of the next plan to catapult you to the next level. I just got done watching some awesome videos on how to create a marketing plan to sell properties and how to find buyers for your properties online.

    The videos were created by Than Merrill from A&E’s Flip this House.

    In the videos Than really goes through the marketing plan he uses to sell houses. I’ve included the videos below. You’ve got to watch them!

    You can also download the marketing plan for yourself!

    Creating a property marketing plan

    Click below to download a copy of the Marketing Mind Map Than uses in the video

    Mind Map version (requires software)
    PDF Version

    Using to bring in buyer leads – Part I

    Using to bring in buyer leads – Part II

    I liked Than’s videos so much that immediately after watching them I called his office to see if he would do a special webinar with us and teach us more! So stay tuned…


    UPDATE: The webinar is on! Than will be joining me this Thursday on a special webinar dedicated entirely to Than’s top secret marketing strategies for finding and selling killer deals. Make sure you’re there. Click here to learn more and register for free while there are spots left.


    Happy (and profitable) investing!

  64. Scott Nachatilo on November 26th, 2009 8:50 pm

    But it also means that real estate investing is not quite doing well with that scenario, because people could no longer pay their obligation even if there are many foreclosed property who would be buying those property?

  65. Brian on November 28th, 2009 3:15 pm

    I am looking was looking at for a home to Rent. Any recommendations on this way of owning a home?

  66. Patrick on December 2nd, 2009 2:05 pm

    Now is the time to tax action and buy a foreclosed home. Never buy until you have done a thorough due diligence process. To learn what never to do read 23 Things You Should Never Do In Real Estate

  67. bhartirealty on December 6th, 2009 6:28 am

    Nice and valuable suggestions

  68. Scott Nachatilo on December 13th, 2009 8:29 pm

    I think so because some people would want to purchase a foreclosed property they think they can money with that transactions.

    Scott@Financially Free Landlord

  69. Matthew Donowho on December 15th, 2009 8:56 pm

    If you have cash, another great strategy is buying and then providing owner financing. We have been buying properties all over the country and then providing financing for our buyers. With this exit strategy you can achieve passive monthly income without the problems of the three T’s of rental property (tenants, toilets & taxes). I have been investing in real estate for 14 years & owner financing properties for 7 years. I like it a lot more than renting and the buyers obviously make out much better becuase they are building equity. This is best investment market I have seen in my lifetime – take advantage of it before its over!

    Matthew Donowho

  70. Atlanta Townhomes on December 16th, 2009 5:07 am


    I completely agree. Being a landlord is rough. Flipping properties is better, but still tough. I went all the way down to transactional and became a realtor.

  71. David on December 20th, 2009 9:49 pm is not a real realestate company they only want to sell you credit reporting services, Identity protection service etc.. they are guilty of false advertising

  72. Adam Davis on December 24th, 2009 6:00 am

    Cash is king in this market – there is opportunity to capitalize even if things continue to decline nationwide. Buy low and sell a bit higher, buy for cash flow, etc. I agree with Matthew – raise cash from private investors and buy deals, this is my favorite approach You can make money if you buy right and finance right. Be disciplined.

  73. Home Mortgage Kansas on January 3rd, 2010 9:48 pm

    As long as you are organized and have all your “ducks in order” this could be a very successful endeavor. It’s all about timing…

  74. Istanbul Property on January 14th, 2010 4:07 am

    It has been a different market these days. I would also rather buying forclosures to take the advantages of BMV prices to have bigger piece on capital appreciation for the future.

  75. Jessa on January 18th, 2010 3:50 am

    I agree. You can make some incredible change to the foreclosed properties and be bought again. Though, repairs are very hard. Still, it can give you very big amount of money.

  76. Real Estate on February 2nd, 2010 10:15 pm

    Nice article! Great post about foreclosures!

  77. Real Estate on February 2nd, 2010 10:18 pm

    A great book for many who need an investment! Good also for those who need urgent cash to sustain their survival for this hard time of economy.

  78. Real Estate Living on February 3rd, 2010 8:37 pm

    This article goes over the scams that hit consumers last year. I also found some important guidelines that I was not aware of before: the IRS will never contact you by phone, mortgage counselors do not charge fees upfront and I need to keep an eye on my Internet bill next year.

  79. Richard van Seenus on February 4th, 2010 7:30 am

    I have the ability to search my market for homes that are in a pending state of foreclosure and homes that are already bank owned that are not on the market. From my perspective some banks appear to be keeping their REO’s on the side line or they are ok with a six month plus lag in bringing them to market?

  80. Boise Idaho Real Estate on March 30th, 2010 4:59 pm

    Boise has 10% unemployment so notice of Defaults is on the rise.

  81. Commercial Note on April 10th, 2010 5:04 pm

    This is not only happening in the residential market but also in the commercial market nationwide. You can purchase notes at a very nice discount.

  82. Brian Ward on May 11th, 2010 1:59 pm

    Read Commercial Notes comment above and I agree completely. This may be the “only” way to make money in real estate right now.

  83. Connie Belmont on May 11th, 2010 2:01 pm

    I still believe in the real estate market here in Sarasota. It will come back — it’s just going to take some time. We should all be remembering the easy money we made in the past as prices escalated constantly and homes were easy to sell. What goes around, comes around.

  84. Judie Berger on May 11th, 2010 2:12 pm

    I agree with Connie above. We had it better than just good for a while now it’s time to “pay the piper”. Get over it and get out there and serve the customer – the business will follow in time.

  85. Jerry Minney on June 4th, 2010 8:31 pm

    If you’re going to invest in today’s market or any market you must understand the conditions of the market you’re in. My team has found, in the current market, the best results in bank owned foreclosures. Not to say this is the only way, or the best way to make money with real estate investing today. These foreclosures usually need fix up and therefore we get them at very low prices from the bank because no one else wants them.

    I have not had good success in “short sales” or pre-foreclosures” due to what I refer to as “The Creature” or more commonly know as the Federal Reserve Bank. The reason I believe banks are not willing to short sale the notes very low before the foreclosure is because they are still leveraging those notes. Yes, banks are are enabled by their Federal Reserve Charter to count their promissory notes as cash in their accounts and go borrow more money based on how many promissory notes they keep on their accounts. When you think about this and understand it, it’s like a paradigm shift in your thinking and the light bulb comes on in your brain. If the banks make more money by borrowing against what we call a liability and they call an asset that explains a lot.

    So, when you dealing with banks and foreclosures you want to make your offer after they have leveraged the heck out of that promissory note and now want to dump what we call the asset. You can get help finding these through your local MLS or start calling on banks and develop a relationship with their REO department. When you find these and start negotiating with the banks is when you will start getting major discounts of 50%-80% off the retail values of these properties. Like any business it does require work but it can be very profitable.

    As an example, my team recently purchased an FHA foreclosure in the Denver, Colorado market for about 35% of it’s retail value because the previous investor had started the remodeling then ran out of cash. So, this was a 3 bedroom home with a brand new furnace, new wiring, new pluming and a completely redesigned interior. All we had to do was finish was was already started. We sold that property for $115,000 a few months after purchasing it in a slow market. Very nice profit on that one.

    However, if you want to succeed in this market you must have a good team, be very flexible and most importantly have “multiple exit strategies”. Know and learn these strategies such as fix and flip, fix and hold, wrap around deeds, equity sharing, lease with option to buy, etc. If you don’t know these terms then you either need to learn them or DON’T invest in real estate. Educate yourself first so you don’t wind up with a horror story of your own like the ones we have all heard of.

    Happy investing and have a blessed day!

  86. jack on July 9th, 2010 11:59 am

    in Corona today, there are many foreclosures. Regardless of where they are, foreclosures are a bad thing for the homeowner, but they’re a great thing for people like you who are looking to invest in Corona real estate at rock bottom prices. When you buy foreclosures in Corona , you are buying a piece of real estate at the best possible time and price. With just a little bit of effort, you can sell it at the best possible time and price, too. Between the two, you will make a lot of money. The key is finding the right foreclosures to buy.

    The best thing you should do now is visit today and start making a good investment.

  87. John on July 12th, 2010 2:55 pm

    We’re a new firm in the Monterey Bay Area specializing in distressed sales. There are lots of opportunities around here for that type of investment and we’re reaching out to network with anyone interested whether selling, buying, or investing, or just would like to share info.

  88. Inventory Overload on July 16th, 2010 9:33 pm

    the title of that book used to read ‘how to line your pockets with other peoples hearts and souls’ but fox news owns the rights to that phrase so she changed it last minute.

  89. Mr inspector on July 17th, 2010 5:16 am

    If the goverment take the tax right off away from homes there will be more home owners losing there homes.

  90. Real Estate Expert on July 26th, 2010 9:05 pm

    I believe anyone in the real estate industry now needs to learn how to adapt to the weakened global economy. Due to contrary belief not everyone is losing money in fact many are benefiting from industry. I would recommend checking out the book.

  91. seeker of Property Investment Advice on August 29th, 2010 10:42 am

    I always find this blog informative, and offering excellent property investment advice.

  92. jay on September 2nd, 2010 4:57 pm

    The real estate market has been one of the heated issues being debated in News discussions.
    Maybe for investors who have the available cash this is a good oppurtunity. For ordinary home owners who just want to refinance this is a nightmare.

  93. Satılık Kiralık Daire on September 4th, 2010 4:46 am

    ty for my comment sharing

  94. Gahanna Ohio Real Estate on September 19th, 2010 5:33 am

    My wife and I got our house as a foreclosure (HUD) and got a really good deal on it… even though the market has gone done since then, our house value is still above what we paid for it… so we lucked out..

  95. Do It Yourself Loan Modification on September 24th, 2010 6:38 am

    Thank you for this blog. It has a lot of great information and some great contributors.

  96. Laguna Beach Realty on October 15th, 2010 12:15 am

    The book being mentioned sounds really exciting and one would just love to purchase something which provides you knowledge about something.

  97. Tampa Bay Real Estate on October 17th, 2010 5:05 pm

    Thank you for the foreclosure information.

  98. Shreveport Real Estate on October 17th, 2010 10:04 pm

    Many Novice wanna be Real Estate investors, get burned by foreclosures too.. the ones Fannie Mae ends up getting at least… Better do your homework.

  99. Evette Cecena on October 27th, 2010 10:52 pm

    The numbers of Foreclosures in Scottsdale Arizona are not as high as they are in neighboring cities and other areas of the state, but if that is the case in Canada then brace yourself and prepare for short sales. Short sales, in Arizona at least, have been around for a few years now and will continue to out pace bank owned homes.

  100. Evette Cecena on October 27th, 2010 10:57 pm

    Very true, there are those experienced agents out there who will make money no matter what market conditions say. Scottsdale real estate buyers have actually benefited from this downturn. As one of the top cities to live, homes in the area were out of reach for buyers from 2004 to 2006. Now there is enough inventory to make even this prestigious city a buyers market.

  101. Chris Simmons on October 28th, 2010 7:44 am

    While I do condone spontaneity from time to time, jumping headfirst into the real estate game is ill-advised. Do your due diligence, learn about the industry, learn about your market, know what you’re getting yourself into.

    That being said, taking advantage of foreclosed properties is a terrific idea (providing the opportunity has potential). Obviously, no two foreclosures are alike. This book might be a good read.

  102. Dan on November 5th, 2010 8:13 pm

    Great blog! Foreclosures in Virginia are on the rise. Currently the most foreclosures are in Fairfax county (

  103. Park Homes on November 7th, 2010 12:25 am

    I agree that the market has become a buyer market.Negotiating power has tilted more towards buyer and if you have got money in your pockets you can invest now and will reap the benefits when the economy will get out of this recession.

  104. Mike Jones on November 9th, 2010 9:03 am

    I live in Omaha and have noticed that the # of foreclosures on the market is growing. I’m interested in seeing how over saturated the markets will be in a few months when the spring real estate “boom” comes around. I don’t see this turning around quickly!

  105. Bachman Short Hills Realtor on November 10th, 2010 10:40 am

    This book sounds great but finding a great attorney is worth its weight in gold.

  106. Tampa Bay Real Estate on November 13th, 2010 10:15 am

    Great information in this book

  107. dzoyce on November 23rd, 2010 8:11 pm

    Foreclosure is the best for me.. I fact i found the very cheap source of foreclosure here Click Here
    It’s free to join and they actually own their homes and not just a broker.

  108. Rodney | new home building guide on November 25th, 2010 4:03 am

    If you are in the position buy a home in certain areas of the country you may never find prices like these again.

  109. peter jowett on January 9th, 2011 6:49 pm

    Hello… enjoyed your post

    Can I give your readers another quick tip

    Remember to do your research. Get a thorough inspection and perform adequate title research. Any major defects or encumbrances in the form of tax or other liens has to factor large in your plans.

    Remember, arsenic just tastes like sugar, it’s still poison. Learn to tell the difference.

  110. Mark Smith on January 11th, 2011 9:23 pm

    This is a great article! Foreclosures are a great investment.Just pay attention to detail!

  111. Colleen Campbell on January 21st, 2011 6:30 pm

    Great article!its nice.

    Seattle Real Estate

  112. Jacksonville Foreclosure Attorney on January 23rd, 2011 7:26 am

    This was a great article, be careful and throughly examine any foreclosure you purchase!

  113. Geoffrey Gault on February 21st, 2011 4:28 pm

    Over here in San Jose we are seeing more short sales now than foreclosures. Short sales used to be onerous, but not so much any more due to the HAFA Program. HAFA is making the short sale process actually do-able.

  114. John on February 25th, 2011 9:04 pm

    Looking at the comments dating back to early 2009, it’s amazing to see the volume of foreclosures dwindle so little. Though we’ve seen the number of investors double at the courthouse who are trying to purchase properties at the auctions.

  115. Brian Porter on March 8th, 2011 3:04 pm

    Foreclosures in all stages are a large segment of our local market. Short sales and bank owned properties represent about 25% of the local inventory here in Portland Oregon. Thanks for posting. Brian Porter

  116. Condoideas on May 5th, 2011 12:34 pm

    Check out the best foreclosure in South Beach for $488,900 : .

  117. rent to own arizona on May 5th, 2011 10:52 pm

    I have encountered a program which is indeed very useful to those who are experiencing foreclosure. Check this out!

  118. outburst on May 21st, 2011 7:04 pm

    Its too bad that someone has to lose their house for someone else to gain.

  119. Cody on May 23rd, 2011 6:49 am

    My Charlotte real estate agent pointed me towards purchasing these foreclosed homes while I can due to the improvement in the Charlotte market and fewer houses being foreclosed.

  120. Tanisha Adjokatcher on May 23rd, 2011 2:18 pm

    this is the best im just getting started and making more offers every month….some of the foreclosures will not make it to the market..there is going to be too many homes…..and being an investor aka PHP ( housing provider) is a great position to be in..

    email me and lets network about real estate

  121. Investinlife25 on May 31st, 2011 7:29 pm

    Now is a great time to buy investment properties! We invest in real estate in Atlanta. So many fantastic deals out there and great cash flow!! We are a one-stop shop for investors. We handle everything from start to finish.

  122. Sullivan County NY Real Estate on June 9th, 2011 3:36 pm

    We too are seeing banks be much more willing to short sale, rather than foreclose. All of the sudden loss mitigation agents call you back, treat you nicely. We’ll see how long that lasts!

  123. Foreclosures on June 12th, 2011 1:08 pm

    it’s the best time to buy Foreclosures today assuming you can find real estate that are discounted. Always do a research of the area of interest, the home interested in etc ….

  124. Josh on June 15th, 2011 7:21 am

    Delray Beach, Florida – Real Estate Listings —>

  125. Arthur | Murfreesboro Homes for Sale on June 20th, 2011 4:41 pm

    Foreclosures are want real estate bargain hunters are always in search for. However, it is always important that you analyze the market where you are buying from, focus on the right techniques to ensure a good buy and make sure that you apply sensible assessment on the present condition of the house and the neighborhood in which it is part of of. only them will you be able to grasp a really good deal out of your invested money.

  126. Mandurah Real Estate on June 24th, 2011 3:53 am

    One of the advantages is that it raises property values: This is a long-range benefit. 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  127. Jeff on June 28th, 2011 8:57 pm

    I think it’s prime time to invest in the USA.

    I live in Vancouver, BC and recently bought a condo in downtown Scottsdale for about 30% of what it was purchased for in 2006. The amazing thing is that I get $2,300/month rent and bought it for $300,000 …. Here a $300,000 investment would get me about $1,200/month rent and $700,000 houses here rents for $2,300.

    Surprised more Canadians aren’t buying down down South

  128. Katee of Zia Group on July 1st, 2011 9:33 am

    We are totally seeing these sorts of opportunities for the market here in Santa Barbara, California.

    Guess there is a silver lining in all this.

  129. Real Estate Investor on July 9th, 2011 10:34 am

    Huge opportunities here.

  130. Jenny | Del Mar Homes for Sale on July 14th, 2011 12:03 am

    Foreclosures can mean bigger chances for profits provided you are aware on how to find the best deals that would mean great profits from the money you invested.

  131. Real Estate Realist on July 18th, 2011 11:50 pm

    Based on the state of the US economy, I think there are many more foreclosures to come ..

  132. Bethany Beach Real Estate on July 20th, 2011 10:44 am

    Do you know if i can find it for Kindle? Because i haven’t found it so far.

    It’s a really nice book and you can learn a lot from it. Thanks a lot!
    Bethany Beach Real Estate

  133. Mortgage Rates on July 26th, 2011 8:39 am

    Thanks for the info. There is definitely money to be made in buying distressed property and renting them out.

  134. Mitch on July 27th, 2011 8:30 am

    Foreclosure presents a great opportunity to invest. Many say it’s a dangerous time to be in the real estate industry, but if you know the industry, opportunities are everywhere. We buy houses cash from eager sellers or properties in foreclosure.
    Great article!

  135. Beverly Hills Homes for sale on August 2nd, 2011 7:28 am

    Indeed, real estate is a very big business. it’s good we get pointers like these that could truly help us in managing our businesses. Many clients of mine from Beverly Hills homes for sale
    are thinking that there ought to be a comprehensive guide on how to straighten the things to be done in having a real estate business.

  136. ADRIATIC REAL ESTATE on August 5th, 2011 1:57 am

    I always find this blog informative, and offering excellent property investment advice.

  137. ADRIATIC REAL ESTATE on August 5th, 2011 2:05 am

    Very useful post and a lot of useful comments.

  138. John on August 10th, 2011 3:43 pm

    In the greater Baltimore area, Foreclosures make up about 35% of all sales, really driving down prices

  139. Peter Smith on August 14th, 2011 5:02 am

    Thank you for this interesting article. What is the situation of foreclosures like some 3 years later?

  140. Artisan Real Estate Group on August 15th, 2011 10:58 am

    “The number of pending foreclosures for Phoenix Arizona dipped to 23,300 last month, compared with 25,300 in June. A year earlier, there were more than 40,000 pending foreclosures in metro Phoenix. The number is down because of fewer new foreclosures and more trustee sales going through, particularly on the Maricopa County courthouse steps.”

    The number of trustee auctions in our Maricopa County foreclosure list has been fluctuating daily, running anywhere from 150 properties to 300 and more.

  141. Hope Mills Homes for Sale on August 19th, 2011 4:29 am

    Very good advise. Keep it coming. I will surely apply this to my next venture!

  142. Anacortes View Acreage on August 22nd, 2011 11:54 am

    As an FYI – foreclosures scheduled for sale have risen in the past 3 months here…..

    Anacortes Island View Acreage and Real Estate

  143. Novi Real Estate on August 25th, 2011 11:56 pm

    Purchasing foreclosed homes are profitable for real estate investors they can maximize their profits.
    -Novi Homes for Sale

  144. Casey Key homes for sale on August 30th, 2011 5:45 am

    A lot of wise investors are looking for the right timing to buy foreclosure properties. For the fact that they can make lucrative profits out of that wise venture.

  145. Matt Ban on September 6th, 2011 8:17 am

    i agree that foreclosure is the best way to make money.

  146. habel on September 6th, 2011 11:35 pm

    such a pity and sympathy for someone to lose a house while another gain a quality home from the lose….

  147. Estate Agents Hull on September 12th, 2011 7:46 am

    This book really does offer great advice about turning foreclosures into cash

  148. Chigwell on September 13th, 2011 2:22 am

    foreclosure in real estate have various meaning and its main determinant is the money….

  149. Real Estate Investor on September 13th, 2011 6:40 am

    This is great advice here, and a great time to make an investment like this.

  150. Jeff on October 9th, 2011 2:56 am

    Wonderful read, will sharing this post with my readers.

  151. Jeff on October 10th, 2011 2:06 am

    Thanks for sharing this. Good and bad things about anything.

  152. REIT on October 12th, 2011 10:51 am

    Great advice here!

  153. Justin R on October 13th, 2011 9:23 am

    You can make plenty of money in Foreclosures, but is NOW the best time to buy for Primary residence? Here is blog relating to that question.

    As for investing, I love this market!!!

  154. Glenn Hedges on October 17th, 2011 2:25 am

    My concern is that foreclosures in an area, especially if the properties don’t get inhabited again quickly can negatively affect an area, therefore negatively affecting overall property prices in the area.

    So investing in foreclosures could potentially mean you’ll get less rent, or a lower price for the property than you anticipate, due to the overall value of the area declining.

  155. best foreclosure listings on October 17th, 2011 4:10 pm

    Interesting stuff about foreclosed properties offer a great investment opportunity .You actually placed right stuff on the table.
    I hope more users will get the information that i receive from you.

  156. Tharry on October 20th, 2011 2:45 pm

    Did you know that 17 Million homeowners will be kicked out of their homes in the next four years? Let us show you how to keep homeowners in their homes and pay only 40 to 60% of what their mortgage payment was. This is money YOU can make. Just check out and send us an email if you are interested. I promise that it is worth your while.

  157. Jade Allsop on November 5th, 2011 10:00 am

    For someone who has money for real estate investment, it is now the perfect time to consider buying investing foreclosure homes. They are good real estate investment deals and if used right can give you a really huge profit. Look for foreclosure Tempe Homes for sale

  158. Tahlia Macdonell on November 5th, 2011 9:11 pm

    Right timing is very important when you invest in a foreclosure property. And if you made it right, you for sure, is close to earning a huge income from this kind of business.

    Middletown Homes for Sale

  159. Mary on December 2nd, 2011 2:53 am

    Good information! Thanks for sharing it with us on your blog.

  160. Patent tescili on April 16th, 2012 9:02 pm

    I believe if you are in the position buy up your dream houses in your dream locations now. You can really get them at a steal!

  161. Short Sales and Forclosures on April 20th, 2012 6:16 am

    With today’s market, anything is possible! Great information about foreclosures! With prices being so low, now it the time to buy foreclosures or even short sales!

  162. REIT Joan on April 27th, 2012 7:20 am

    Thanks for the real estate tip David! Denise Evans’ Answer Book sounds like an excellent resource. I have considered making an investment in a foreclosed property but am not very familiar with the process. This will be a big help.

  163. key realty on April 27th, 2012 10:43 am

    there are many books which helps us to be clarified with foreclosure! i think I will have to check out this book! thanks

  164. tyler on October 16th, 2012 8:14 am

    Indeed it is a prime time to be buying foreclosures. This book sounds great.

  165. Daniel James on November 18th, 2012 11:32 pm

    In recent years, residential and commercial real estate owners have struggled to keep ahead of the falling real estate values and sales. so this article is very useful to learn about foreclosure! great job done! thank you…

  166. Shreveport Real Estate, LLC on July 7th, 2014 4:52 am

    I can tell that with regard to the Shreveport real estate market foreclosures can be tough. As a broker I have bought foreclosure homes before, and as an investor it can be tough. As an investor the purchase price has to be low enough so that the house can be repaired and brought back to a state of newness. Then after that there has to be even more left over so the investor has some profit. It’s not like the television shows.

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  169. New Miami Condos on November 23rd, 2015 11:57 pm

    Thanks for the share.

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