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Foreclosure Properties                                                                                                                                

Foreclosure properties can be an excellent opportunity to build instant equity. Nationally,  four percent of all home loans will go into default because of a loss of a job, divorce, or illness. While these situations are indeed sad, the situation can be an excellent opportunity for a first time home buyer or a real estate investor looking for a bargain. 

Almost all mortgages in the US are sold to or insured by HUD (the Department of Housing and Urban Development-usually FHA or VA), Fannie Mae, or Freddie Mac. If a homeowner defaults on their mortgage one of these agencies will take title to the property and sell it to the highest bidder. Often these bids are completed significantly below market value, creating instant equity for the successful bidder.

Financing foreclosure properties is a specialized area of mortgage banking and we have had extensive experience with the process. Your property may need some rehabilitation or renovation and we offer many loan options on my renovation loan for foreclosure properties page. If you are a real estate investor, I offer many creative loan programs on the investor loans for foreclosure properties page. If your interest is in purchasing a property with little or no down payment please visit our first time and low down payment page for 14 individual programs requiring 5% down or less.

All of these sellers will require you to be preapproved. Frankly, the seller does not want to waste time with a bid from a buyer who may not be able to complete the transaction. I offer a free qualification process by completing the form located on the qualification page. we will give you several programs you are qualified for and preapprove you quickly. 

Read more about Foreclosure Properties Closing Costs

I also have a Free report "Buying your First Home" available by email. There is also a report on buying Foreclosure Property as an investment available.

Brand New! I have purchased new financial modeling software that can do sophisticated analysis of your situation today as well as make suggestions on how small changes in how your mortgage is structured today can have a life changing effect in the years to come. Modules available include the Total Cost Analysis to compare the cost of up to 4 loans over the length of time you plan to be in the home; an Equity Repositioning Analysis to see how small changes in your debt structure today can have a huge impact in years to come; a Consolidation Analysis to see how consolidating debt can change your financial future; a PMI Analysis to see if eliminating PMI will be effective for you; and a Rate Watch Report which all my past clients are enrolled in to insure they remain in the mortgage that is best for them in their current situation. If any of these free analysis are of interest to you, please email me with as much specifics of your situation as possible

New! View my Wealthbuilder presentation and learn the safe way to manage your home equity and fund your retirement.

I hope this information was useful to you. Please scroll down to view my Mortgage Market Guide. A weekly publication explaining the financial markets from a consumer's perspective that is available by email. I have nearly 8,000 subscribers and would be happy to have you as well.

Foreclosure PropertiesPrequalify for your Foreclosure Properties.

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