St. Augustine, Florida (PressExposure) January 09, 2008 -- Pre-foreclosure is a process used when a homeowner is in default on their mortgage. First a notice of default will be filed, then, if the default is not cured either a judicial or non judicial proceeding will begin as the property is subject to foreclosure.
Pre-foreclosure is sometimes known as Lis Pendens (lawsuit pending) in states that conduct judicial proceedings. Some of the major benefits of a preforeclosure purchase include the assurance of always securing a clear title, which saves a lot of time, cost and apprehension when buying preforeclosures. Other benefits include working directly with the seller. âGenerally pre-foreclosures are a great investment as long as the risks and benefits are known,â says Jeff Kaller, one of the foremost lecturers on identifying, buying and selling pre-foreclosed real estate.
Jeff Kaller, visionary, educator and real estate developer has pioneered the most preeminent pre-foreclosure system in the United States. Kaller specializes in a well kept industry niche; he teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. For 15 years Kaller ran high volume kitchens while his wife Sofia waited tables. They lived paycheck to paycheck, swapping dollars for hours, working a dead end job, until they lost their house to foreclosure. âThat was the best thing that ever happened to me. Through this experience, I stumbled across a powerful system of real estate investing,â says Kaller.
After buying and selling more than 350 houses his system has created an absolute army of successful students. For all those potential real estate investors, pre-foreclosures may be the vehicle for a healthy income. As in any investment strategy one must exercise caution when buying real estate and pre-foreclosures are no different. The owner is anxious to get out of foreclosure and the lender wants to collect what is due or sell the property, to generate as much revenue they can. Like any real estate purchase, local comparable sales research is essential when considering the value of a pre-foreclosure. Itâs also important to consider time and expenditures required to prepare the house for resale.
Join Jeff Kaller for a one day workshop Saturday, January 12, 2008 in Los, Angeles CA. Register today @ [http://www.jeffsworkshop.com/]
Contact Information: Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mary Geronimo 303-B Anastasia Blvd. #148 St. Augustine, FL 32080 904-819-0676 Email Address: firstname.lastname@example.org
Jeff Kaller anticipates meeting people from all over Los Angeles County, including Los Angeles, Long Beach, Glendale, Santa Clarita, Ponoma, Torrance, Pasadena, Palmdale, Lancaster, El Monte, Inglewood, Downey, West Covina, Norwalk, Burbank. He also services many communities including Acton, Agua Dulce, Altadena, Castaic, Hacienda Heights, Juniper Hills, Quartz Hill, Rowland Heights, Topanga just to name a few. This Press Release has been submitted by PREasy.com