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Assessing your ability to deal with pre-auction scenarios

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The most successful pre-auction investors are people who are well versed in local foreclosure laws and procedures and who can quickly and accurately assess the average homeowner’s financial predicament. To determine whether you have the qualities to invest successfully in properties in the pre-auction stage, place a check mark next to any of the following statements that you feel are true:

 People generally like me and trust me right off the bat.

 I feel comfortable talking with people I’ve never met.

 I’m a good listener.

 I’m diplomatic, often acting as the mediator when friends, family members, or co-workers have issues with one another.

 I never met a problem I couldn’t solve.

 I’m good with math, especially dollars and cents.

 I can tell people the truth even when they don’t really want to hear it.

 I can handle disappointment. Even if I’ve invested a great deal of time and effort in helping a homeowner, I won’t get terribly upset if I don’t get the house.

 I can let people fail even after I offer them outstanding advice on how to avoid a catastrophe.

Having every single one of these qualities isn’t essential for success in investing in pre-auction properties, but if you checked only two or three items, you may want to consider stepping into the foreclosure process at the auction or post-auction stage. The more of these qualities you have, the more successful you’re likely to be in dealing directly with homeowners.

Foreclosure Investing For Dummies

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