How to buy a house at the Foreclosure Auction
Good money Monday,
In my opinion, the foreclosure auction is one of the best places to buy a house at a discount. WHY? Because I've seen banks create instant equity in seconds by starting the bid out substantially lower than what the original loan was. For instance, let's say the home owner borrowed $145k. The bank, can easily and frequently open the bids up at tens of thousands of dollars lower. I've seen some auctions start off at prices over $100k lower. It's truly amazing to see how wealth is created in this country at the blink of an eye, IF YOU KNOW WHAT YOU'RE DOING!!!
I've done a 3 part series of how I buy houses at the courthouse steps. This is the 1st video where we cover the 4 steps in how to do it:
1. Locating them
2. Property Inspection
3. Title search4. Bidding @ Auction
So get out there and let's get you a great deal. Real estate is on sale NOW, but I believe it won't be on sale for too much longer as our economy picks up steam. Don't forget, I'm available for deal structuring and assistance any time.
Kris Haskins
ps- Claim your 2 free months of our Roundup Newsletter by simply emailing with your name and physical mailing address to [email protected].
Comments