Jason Dodge offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Benefits Of Buying Pre Foreclosure Author: Jason Dodge Category: Real Estate, Wealth Building, Buying Word Count: 497 Keywords: buying pre Foreclosure,Pre foreclosure properties, real estate investment Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Every buyer desiring to buy a home feels the need to take a housing loan of some amount and that is inevitable. After paying your monthly installments regularly, due to some reason, if you are unable to continue paying the installments further, you become a defaulter. At this point the bank gives you considerable time to repay the installments. But even after that period, if you are unable to pay, your property is put in pre foreclosure which is a prior stage to the bank putting the property for auction. However it takes a long time to reach the pre foreclosure state as ample time is given by the bank to repay the due amount. I know most of you are not aware of what a pre foreclosure means. A property that is in a phase prior to a bank or financial institution taking control of or repossessing it is called a pre foreclosure property. However till this stage/phase the owner has full rights on his/her property, till the bank takes over. Pre foreclosure is a stage wherein the house owner can consider selling his/her property to a third party and pay the bank the outstanding amount while keeping the remaining amount for him/her. As a Buyer of property, this is the right stage to approach the house owner and crack a deal. There are number of advantages of buying a property at this stage. One of the main advantages is the property price. The property price can reduce to 30% to 50% of the market value, since time is a constraint for the house owner and he/she would like to close the deal early. In this way he or she is not only avoiding foreclosures but also can retain some cash for him/her. This would not be the case in the event of the bank claiming his/her property. >From the buyers perspective, you get to deal with the house owner directly and >closing a pre foreclosure deal lies in your hands. There is no competition to >you when you compare this situation with a property in foreclosure and >auctioning stage. Before negotiating you can keep your funds ready as it can >strengthen your position to negotiate. Here you can be sure of cracking the deal within a few days while auctions and foreclosure can take a long time till you get the possession of the property. Many properties in the pre foreclosure stage are listed in, newspapers, magazines and online sites. You can also find about them by making calls to various banks. No matter what type of investor you are whether a home buyer or a real estate investor, you have an equal chance of acquiring pre foreclosure properties unlike as in foreclosure auctions. Buying pre foreclosure is one of the most lucrative methods for making some huge profits. So gear up and start making your list of pre foreclosure properties, you could soon be an owner of a hot property by paying half the price. Jason Dodge has been investing in real estate since the early 90's. He specializes in getting money for investing and recommend the free training at http://www.InvestSteps.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
