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Picking Your Point of Entry

Submitted by on Thursday, 23 April 2009View Comments
Picking Your Point of Entry

As a existent estate investor, you can step in at any stage of the foreclosure process to acquire properties and portray other profitable transactions:

Pre-sale:
Before the property is auctioned or transferred to the trustee.

White sale (or auction): When the sheriff or the court auctions the property or after restrain of the property is placed in the hands of the trustee.

Post-sale:After the lender repossesses the peculia, you can purchase the property from the lender or from its REO broker.

In the following sections, I retail these three entry points.

Begin tracking properties a in the process, even if you choose to buy properties later in the process. By tracking properties premature, you pick up on the history of what’s going on and develop a clearer idea of how much to pay for the land.

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