Legal issues of negotiating a pre-foreclosure.

[Jake Andersen]

As usual I will begin with thanking all of you extremely generous people who reply with your hard earned knowledge before hand. I started advertising for my business a few days ago and leads are already pouring in. For now we deal solely in the pre-foreclosure arena using sub2, assigning, equity partners, double-closings, and land trusts to facilitate our deals. But whenever I begin to explain what I do to others in real estate or even just friends I am always met with the same "that's illegal" or "you must have a license to do that". I am aware that many people dont understand this type of purchasing. But is there ANY truth to their claims that I will go to jail for doing this? I am an ethical person and chose this specific line of real estate work because I want to help people while I profit, not do so from their misfortune. I am under the impression that im just a guy buying a property low, raising the price a bit and still selling it low to the buyer. Am I wrong? Please help. Thank you sooooo much. jake