David Bruce

Archive for November, 2008

November 1st, 2008

How to Buy a Pre-Foreclosure House

This article I recently found on HGTV.com and was re-published from RealtyTrac, an online foreclosure resource guide.  We see foreclosures in the news quite a bit and hear that there are some fantastic deals out there.  This article I thought provided great information on how to find a bargain and how to go about the process!

Six steps to finding a Foreclosure Bargain! By RealtyTrac | Published: 2/03/2008

The pre-foreclosure stage — the period from when a Notice of Default or LisPendens has been issued until the time the lender puts the property up for an auction — can last several months, so buying during this time requires a lot of patience and persistence. It typically offers the best bargains, but it’s also the most difficult stage to purchase a distressed home. Understand that the owner still has a chance to stop the foreclosure process by paying off what is owed or by selling the property. Here’s what to do: Read the rest of this entry »