Five Tips for the Foreclosure Investor

By
Services for Real Estate Pros with USHUD.com

These simple, yet effective tips I havepersonally found invaluable. Hopefully you, too, will benefit from them as you invest in real estate foreclosures

Tip #1 - The rewards are greatest when the real estate investor is a knowledgeable, proactive force in the process. Take an active roll in your foreclosure home investment. This begins with the right state of mind.

Tip #2 - The figure for days on the market (DOM) a property was available before its eventual sale will be found in the MLS listing. Be sure to ask your local real estate agent for these figures specifically to help determine the desireablility of a particular neighborhood, style of home, and other factors.

Tip #3 - Along with sold properties, take a look (in print) at other homes that are still available or withdrawn from the market to determine the market's health.

Tip #4 - Be sure that you are true to your investigation and do not allow either passion or trepidation to interfere with your reasoned decision making. It is more important that you swing than hit a home run. Bid often!

Tip #5 - Once the property is under contract, be sure to get a foreclosure home inspection and estimates from more than one contractor.

For the latest foreclosure news and information, visit America's only free foreclosure resource, www.USHUD.com.

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Re-Blogged 5 times:

Re-Blogged By Re-Blogged At
  1. David Fabian 04/17/2010 12:30 PM
  2. Margaret Chialastri 04/22/2010 06:29 PM
  3. Lee Nelson 04/24/2010 08:12 AM
  4. Timothy Fry 04/27/2010 09:57 AM
  5. Jack Bachmann 04/27/2010 02:08 PM
Topic:
ActiveRain Community
Tags:
real
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foreclosure
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scam
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rip
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ushudcom
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Rainmaker
1,373,183
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Good information and advice for the investor. Working with investors is so unemotional, I love it.

Apr 07, 2010 10:13 PM #1
Rainer
131,955
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Thanks Michael, HUD has some good homes on the local website here in Phoenix.

Apr 08, 2010 01:06 AM #2
Anonymous
Anonymous
Celia Rossbar

Got a call from 410-268-3310 from Heavy Hammer agency and the agent said her broker buys and sells houses.  Is this a bon fide real estate broker? I don't see any real estate agency by that name listed anywhere. Are they licensed to buy and sell real estate?  If this is not a licensed real estate broker than offering this service is illegal! And people they solicit could wind up with legal problems with the properties Heavy Hammer agency buys or sells. 

Take action to protect yourself and others from fraud if :

A. This is the case and others have had similar contacts from this agency about real estate transactions or
B. According to other complaints about illegal business practices such as:

1. Continuing to place harrassing calls to people on the do not call list and
2.  Attempting to extract money for nonexistent debt or trying to collect debts without being properly authorized to collect debts on behalf of anyone owed money)

a. Contact the Attorney General in Maryland.  888-743-0023

b. Contact each other and compare notes to see what is the case. (Or about any other illicit activities that may  be occurring.)

Times are hard enough and it would be unfortunate if anyone compounds this situation by harming people through their business practicies. It is correct to hold those who engage in practices outside the law accountable. Maybe instead of continuing to engage in inappropriate behaviors and ripping off the public such perpetrators will be held accountable for their actions and instead find themselves paying you.

Apr 08, 2010 11:02 AM #3
Rainer
58,135
Tim Fry
USHUD.com - Annapolis, MD

Celia,
Thank you for your comment. I believe there may be a misunderstanding about the nature of our business. Heavy Hammer Inc. has been a leading presence in the real estate foreclosure industry for more than a decade. Its family of more than 30 state- and region-specific Web sites, including www.USHD.com, work to connect consumers with trusted experts and valuable resources. As an advocate for the American homebuyer, Heavy Hammer also delivers FREE, all-inclusive lists of foreclosure properties to more than 500,000 homebuyers monthly. The heavy hammer associate you referenced was doing her level best to communicate that she has advertising clients that both buy and sell from the leads generated by our patent pending lead capture technology. If you have any questions about our business, please don't hesitate to ask. You may also reach our Annapolis office by calling toll free:  (800) 880-8584. I hope my response has been helpful.
Thank you again,
Michael

Apr 09, 2010 11:40 AM #5
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Rainer
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Tim Fry

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