Record Foreclosure Rates Could Mean Cash in Your Pocket

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.

170 thoughts on “Record Foreclosure Rates Could Mean Cash in Your Pocket”

  1. 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.

  2. 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 http://www.treadwatersolutions.com and send us an email if you are interested. I promise that it is worth your while.

  3. 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

  4. 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.

  5. 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…

  6. 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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  9. While this is still a great resource on how to make money with foreclosures, we’re certainly not in the days of 2009-2011 any more. There are still ways to buy homes from distressed sellers, but with more and more people getting into real estate, you may need to get creative. Many traditional methods like buying foreclosures, going to the courthouse and sending out direct mail. However, we are finding a lot of success with online marketing. With more and more people getting comfortable turning to Google to help them in their lives, the same goes for selling their home. So, we are being sure to be there when they go searching for quick closing cash buying companies, which is exactly what we do in Northern Kentucky and Cincinnati, OH.

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