What Is Pre-foreclosure

Released on: December 11, 2007, 5:47 am

Press Release Author: Mary Geronimo

Industry: Real Estate

Press Release Summary: Thousands Are Earning Profits In This Area Of Real Estate

Press Release Body: St. Augustine, FL--Homeownership is becoming a reality for more
and more Americans across the nation. Over the past seven years, homeownership
numbers reached almost seventy percent, even with critical mortgage issues looming,
the increase reflects the highest rate ever.

Americans don't realize that homeownership and investments are still with in their
grasp. One of the ways is through pre-foreclosure. Pre-foreclosure is a procedure
in which the borrower is allowed to sell their property for an amount less than what
is owed on it to avoid a foreclosure. This sale fully satisfies the borrower's
debt. With pre-foreclosure many properties have equity available due to a purchase
price below market value or short sale on the part of the bank. New construction is
standard for many foreclosure properties due being one to two years old with builder
warranties still in place. For investors, the property is ready to rent, such as
pre-foreclosures; the sellers are often interested in renting the home as a tenant.
This gives them time to repair credit and perhaps re-purchase the home in the future
and if the investor is seeking the home, it's ready to move in for owner occupied.
The best feature is more house for less money. The great thing about this market is
that investors can get in the game before or after auctions. It's possible to buy
directly from homeowners beforehand or from lenders who are successful in the
auction. Some states give foreclosed homeowners time to reclaim their property by
paying the auction price, often plus an additional percentage. Professionals
specialize in niches, such as low-income housing or condominiums. Less seasoned
investors should stick with single family homes in lower middle to middle class
neighborhoods, where resale likely will be easier. As interest rates rise, more and
more homeowners are falling into foreclosure situations. Clearly this reality
prompts flood of bargain-hunting investors in every real estate market and
courthouse auction across the country. "Jeff Kaller has given me the road map to
take my life to a new and exciting level. Everything about Jeff Kaller's event was
tops. I think the revolutionary business system that Jeff has introduced me to is
second to none." Says, John E. C., Greensboro, NC
The benefit generated by the pre-foreclosure investment strategy is that the buyer
provides a source of support and safety to the homeowner. Selling to the investor
at an attractive discount, the homeowner's credit is salvaged and the bank is kept
from foreclosing on the property and selling the house at a public auction. Kaller
specializes in The Art of the Pre- Foreclosure, locating properties that are behind
in payment and when the lender has not taken action.

Additional tips to creating wealth include: Follow the piles of cash. Find people
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http://FreeShortSaleCourse.com [the best in short sale tips] from someone that has
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Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com
This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com

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