Save Time and Money With Pre-Screened Pre Foreclosure Listings

Because of the collapse of the real estate investment market, pre foreclosure listings are in much higher demand than they previously were. For many years prior, regular bank owned foreclosures were the popular choice among investors. The frenzy hit a fever pitch in the early 2000’s with hundreds of thousands of new investors hitting the market and trying to get a piece of the pie.

Since the crash, most of the novice investors have been weeded out, and all that remain are those investors who had enough capital to stick through the downturn and those who figured out early on that regular foreclosures weren’t going to cut it forever. Those that are left are making pre foreclosure listings a predominant part of their investment portfolios.

Pre foreclosure listings are those homes owned by people that have fallen behind on their payments and are heading towards regular foreclosure, but still have a little bit of time to resolve their situation. In many cases, the best way for them to do this is to find and investor like you who is willing to purchase their home, many times for just the amount they owe. This will clear them of their mortgage obligation and give them the ability to get on with their lives without incurring a costly foreclosure.

Many times what happens is that the investor allows the previous owner to remain in the home. In this case, by the looks of it anyway, life continues as usual. This can do wonders for the homeowner who is afraid of what their friends and family may think if they ever lost their home and had to pick up and move.

The hard part from an investing standpoint is actually finding pre foreclosure listings that are going to present a good value. Many homes that are in the pre foreclosure stage are not good investments because there is little to no equity in the home, or they owner may very well be upside down on their mortgage. They key is to find pre foreclosure listings where the owner has been in the home for many years and has significant equity in the home.

You can find a great list of pre foreclosure listings at MyHouseDeals.com. We not only have the most extensive list of pre foreclosures, but we do the leg-work of making sure each deal is a good bargain so you don’t have to spend your time working with a property that proves to be a dud.

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