http://www.foreclosureblackbook.com Cashing In or Just Saving Your Home Tue, 09 Mar 2010 17:30:55 +0000 http://backend.userland.com/rss092 en You would be better off doing a preforeclosure short sale then to waste time procrastinating only to allow the bank to foreclose and kick you out. When you find yourself in a tight situation such as foreclosure you really do not want to admit to yourself that the bank is indeed ... http://www.foreclosureblackbook.com/why-it-is-better-to-do-a-preforeclosure-short-sale-then-to-lose-the-home-to-foreclosure/ Getting into real estate can be a very daunting experience when you don’t know anything about short sales. This is because many times when you go to the MLS or you have your real estate agent check the MLS for properties, many of them say that the price is "subject to ... http://www.foreclosureblackbook.com/what-you-may-not-know-about-short-sales/ The purpose of sending out preforeclosure letters is to inform the owner of the home that you are aware of their pending foreclosure status and that you are interested in helping them. When writing these letters, however, you must bear in mind that these owners are going through something personal and ... http://www.foreclosureblackbook.com/how-you-should-write-out-your-preforeclosure-letters/ I enjoy pre foreclosure investing mostly because you don’t have to deal with a bidding war on a property that is being bought for less than its actual worth. You can approach an owner that is about to lose their home and offer to purchase before it goes into foreclosure. This should ... http://www.foreclosureblackbook.com/why-i-like-pre-foreclosure-investing/ Yippeee… Have you heard the great news? Now when you give a short sale offer to the bank on a primary resident they have to give you the amount that they are willing to accept at the time the offer is presented. This is great news because normally you find yourself in negotiations ... http://www.foreclosureblackbook.com/giving-a-short-sale-offer-no-longer-means-waiting-months-for-an-answer/ There are a lot of people out there looking to make money in real estate.  Many decide or feel like they are better served if they look for properties in a home foreclosure listing as opposed to ready to live in properties. The main reason for this is because of the ... http://www.foreclosureblackbook.com/what-one-thing-you-should-look-for-in-a-home-foreclosure-listing/ Yeah it has been a minute since I wrote here on my blog but that is because the real estate market has actually taken a spike in the upward position. Investors are now buying, whether it is a preforeclosure, foreclosure or REO. My colleagues have been calling me asking if I know ... http://www.foreclosureblackbook.com/why-i-like-buying-a-preforeclosure/ The reason many investors use a private hard money lender is because they fund the project quicker and the criteria is less of a hassle then that of a bank. When you purchase a loan with a bank, they require you to disclose proof of the following: •    bank statements showing the ... http://www.foreclosureblackbook.com/why-use-a-private-hard-money-lender/ Florida’s courts alone are facing a devastating reality of being overwhelmed with over 290,000 foreclosure filings. This is why there are many people looking to stop foreclosure in Florida. Although this state is one of the few with lower priced homes, many still fell victim to the subprime mortgages.  When homes ... http://www.foreclosureblackbook.com/how-you-can-stop-foreclosure-in-florida/ You need a hardship letter to stop foreclosure because the bank needs an explanation as to why you fell behind on your payments. They also use this information to determine if your reason is a legitimate one and if you can qualify for a loan modification. The bank also requires that ... http://www.foreclosureblackbook.com/why-you-need-a-hardship-letter-to-stop-foreclosure/