Orlando, Florida (PressExposure) April 14, 2008 -- A pre-foreclosure is a property on which the bank has begun foreclosure because the owner has missed several mortgage payments. Banks generally don't want foreclosed properties on their books, so they are sometimes willing to accept an offer below the actual value of the home. This means huge real estate investing opportunities await any who can purchase the mortgage at a discounted price.
According to Jeff, there are several critical points of understanding that advance the pre-foreclosure investing plan:
â¢ When the bank initiates foreclosure on a property, an investor can buy it up to the day of the foreclosure auction â¢ There are unique and flexible sales agreements that can be arranged Acquiring a pre-foreclosure property affords you a real estate investment at a discount averaging from 20% to 35% off market value â¢ Knowing efficient courthouse research techniques maximize pre-foreclosure property searches that can be time-consuming â¢ It will be necessary to negotiate with all lienholders property; this is an acquired skill. There is a side benefit generated from the pre-foreclosure investment strategy that is sometimes overlooked. As the buyer you are providing a source of support and safety to the homeowner. When you buy a pre-foreclosure, you help save the homeowner's credit by avoiding a foreclosure auction. Itâs a win-win for the buyer and the seller. Jeff Kaller will discuss the technique of negotiating short sales at two all-day workshops in Chicago, IL on February 16th and 17th. Registration and additional information are shown on his website at [http://www.jeffsworkshop.com/]
Jeff Kaller has students from Cook, McHenry, Kane, Dupage and Kendall Counties including Arlington Heights, Brookfield, Chicago, Franklin Park, Holbrook, Indian Head Park, Iverness, Kensington, Greenwood, Milbrook, Richmond, Rosemont, Woodstock, Big Rock, Kaneville, Adddison, Roselle, and Oswego, to name a few.