The other night Jeff Adams recorded a no-cost webinar (recording below), in which he showed us how to buy bank-owned houses for pennies on the dollar using none of your own money or credit.

With the rising number of foreclosures, banks are over run and desperate to unload homes, even pretty homes in nice neighborhoods. Its easy to see why this is a hot topic.

On this call Jeff revealed how, over the past 14 years, he has successfully profited from buying and selling bank-owned properties and continues to do so to this day.

Here are some of the topics Jeff covers:

• Foreclosure buying systems for securing properties directly from lender and banks at rock bottom, almost unbelievable prices.
• Business and marketing systems to grow the right way—fast. You won’t walk into the same traps most real estate investors make, because you’ll know what to look for and how to avoid them.
• Negotiation systems and quickly mastering the art of communication and influence. Create win-win solutions for any scenario and quickly have other the side “see things your way.”
• Selling systems that work in any market. Right now investors are shivering in their boots when it comes to the thought of selling today—that’s not you. Discover the same supercharged selling strategies Jeff uses to unload properties that work even in the worst markets in the country.

Full article… Foreclosure training: how to buy from banks…

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Note: check out our database of foreclosure homes which has over 1.5 million listings including an extensive supply of bank foreclosures. It now includes all Wells Fargo foreclosures since their asset manager, Premiere Asset Services, has signed up.

Once you've decided to start investing in foreclosures, you still have one big step left to handle. You must find the right foreclosure listings. There are numerous sources of foreclosure properties and I find it helpful to divide the sources into two broad categories: government foreclosures and bank foreclosures.

Within the category of government foreclosures you can consider quite a many different sources.  These include VA foreclosures from the Department of Veterans Affairs, HUD foreclosures from the Department of Housing and Urban Development, the General Services Administration, the Department of Treasury, the Small Business Administration, the Department of Agriculture (USDA), the Marshals Service, the Federal Deposit Insurance Corporation (FDIC) and also Fannie Mae.  At last count there were about 37 different government departments through which you can locate foreclosure properties.  One site that has compiled listings from a few of these departments is www.homesales.gov.

Full article… Foreclosures - Where To Find Great Foreclosure Listings

Technorati Tags: bank foreclosures, countrywide reo, foreclosure auctions, foreclosure homes, foreclosure listings, foreclosure properties, foreclosure sales, foreclosures, government foreclosures, hud foreclosures, real estate foreclosures, reo properties, va foreclosures

Note: check out our database of foreclosure properties which has over 1.5 million listings including an extensive supply of bank foreclosures. It now includes all Wells Fargo foreclosures since their asset manager, Premiere Asset Services, has signed up.

Whether you are searching for a new home, a second home or seriously considering real estate as an investment, you will find there are different options available to you. These choices can include traditional home buying, purchasing through an auction and many other possibilities. One alternative you may not have considered is bank REO sales.

If a bank cannot sell a property at a bank foreclosures auction, the bank may do an REO sale. This can happen when the amount owed on the property is more than the value of the property. When this is the case, the bank tries to sell the property not at an auction where the price can be lower. At this stage of the process, they will most often sell the property through a realtor.

Full article… REO Properties and Bank Foreclosures

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