Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 62

Many foreclosure investors don’t like dealing with distressed homeowners until the official foreclosure notice is posted because until that point, homeowners may be unwilling to accept the fact that foreclosure is imminent. The posting of the foreclosure notice removes most of the lingering doubt and acts as a wake-up call, spurring the homeowners to take action.

The foreclosure notice offers several additional benefits:

 Contains the location of the property (usually a legal address, not a street address, but you can use the legal address to obtain the street address, as discussed in Chapter 8)

 Lists the names of the homeowners being foreclosed on so you can refer to them by name instead of addressing them as “sir” or “madam”

 Specifies the name of the lender foreclosing on the property, so you have the information you need to gather more information from the lender

 Provides the name of the attorney or trustee in charge of liquidating the property, so you have someone to call for additional details

As you’ll discover throughout your experience as a foreclosure investor, every bit of information you have about a property is a valuable puzzle piece that clarifies the situation and enables you to put together an attractive deal that benefits all those involved.

Just because the lender posts a foreclosure notice doesn’t mean that the property is destined for the auction block. Any time before the sale, the homeowners can strike a deal with the lender, refinance with another lender, or sell the property. As soon as the foreclosure notice is posted, the clock starts ticking for any investor who’s looking to buy the property before auction.

Keep track of properties from the day they’re advertised to the time they’re sold. Very often, a particular foreclosure sale is adjourned, so the property doesn’t go up for auction on the scheduled day. By following the adjournments, you often find that the property goes up for sale later. If you’re prepared, you may be able to grab the property without facing any competing bids.