Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 55

Homeowners often feel reluctant to take action when they first get an inkling of financial foreboding. Instead of contacting their lenders, an attorney, or a real estate agent who specializes in foreclosures to seek advice and try to work out a solution, they often stick their heads in the sand and hope the problem goes away. By the time they act, they’re usually too late. Behind on their house payments, drowning in credit card debt, and unable to pay back taxes, they sealed their fate months before the bank initiated foreclosure proceedings.

When the bank finally moves forward to foreclose, the homeowners are often in a panic. They don’t know what to do or where to go for reliable information. As a foreclosure investor, you can step into the process, provide homeowners options to cut their losses, and perhaps even help them retain possession of their property.

You may think that doing everything you can to enable homeowners to retain possession of their property is contrary to the idea of profiting from foreclosures. In about 90 percent of pre-auction foreclosures, however, the homeowners are too deep in debt and must sell their home. By acting with integrity, you give yourself a much better chance of obtaining the property … and doing some good at the same time. See Chapter 21 for specific ways you can assist distressed homeowners.