Site Archives Lessons

Don’t waste time

Posted by admin on August 14th, 2007

This is probably a good life lesson in general, but I’ll put it in context here.
I was attending a local foreclosure auction recently when a man approached me asking where the auctions were held. I told him that he was in the right spot and he proceeded to tell me that he was trying […]

Get out while the getting is good.

Posted by admin on June 20th, 2007

One of the most important pieces of advice you can heed if you are FACING foreclosure yourself is this:  get out while the getting is good.
Obviously none of us wants to leave our house.  I understand that.  I don’t mean to simplify the situation to make it sound like you can easily walk away from […]

Foreclosure.com Newsletter

Posted by admin on June 13th, 2007

It appears I’m not the only person on the net trying to provide good FREE advice. Foreclosure.com has just launched a free newsletter called “Investment Exchange.” I have not read it much yet, but I would like to recommend it to any of my readers who are looking for some good advice on the cheap.

How to bid on a foreclosure at auction

Posted by admin on June 12th, 2007

It’s interesting to title a post this way because it sounds so elementary…. How do you bid on a foreclosure? Well, you go to an auction, and when they ask for bids, you bid.
Okay, so it’s not REALLY that simple though. Perhaps a good alternate title for this post would be, […]

Default, foreclosure, and what to do if you can’t make your payments

Posted by admin on June 11th, 2007

If you’re having trouble making your payments, there are very few people you can trust.  Believe me, I know.  In this case, you may be overextended because your interest rate jumped, because you lost you job, because a family member is ill or incapacitated… the list goes on and on.  What I can tell you […]

Foreclosures 101

Posted by admin on June 4th, 2007

There are a lot of tricky nuaces to buying foreclosures and there are an even greater number of “creative” options available for capitalizing on a foreclosure before it actually happens. A list of some of the things that can trip you up when buying at auction would include: junior liens, tax liens, civil judgements, […]