If you're in real estate, or looking to get into it, investing in foreclosures can be very profitable, especially if you get that property while it’s still in pre-foreclosure.  There are great benefits to investing in these pre-foreclosures through methods such as bank short sales and later on going to sheriff’s sales to pick up the foreclosure properties.  In a way you are benefiting from the homeowner's loss.   Many an unscrupulous person involved in real estate investing has even taken advantage of the homeowner’s predicament, giving foreclosure investing a bad reputation.

However, most investors involved in bank short sales benefit in the way that the Goodwill stores benefit from donations.  The investor buys the property that the homeowner wants to get out from under.  The same property that banks just don’t want to hold onto and resell it to interested buyers, with a bit of a profit built in so the investor can continue working and saving for their own future.   There are benefits for all parties involved in these properly arranged pre-foreclosures deals.

Full article… Bank Short Sales – Why Invest in Pre-Foreclosures?

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