Some want to chase foreclosures while others are thinking being a bird dog is best.

If they have REOs it could be because the property was not very desirable or because the junior liens made it not a good candidate for the initial foreclosure auction.

You appear to want to take investor money and then manage the process including foreclosure if that is needed.

Alot of people deal with Tax Liene, foreclosures, and hud homes.

It's months of foreclosure, rehab work and selling again.

My plan was to buy a cheap foreclosure, hud or fannie mae home for maybe 25K and use the 5K left for remodeling and use this method until my money or credit was better.

Are you trying to buy a pre-foreclosure?

Now it is dirt cheap, but by this time, the property is usually so bad that no one wants it and it needs a serious overhaul, like an angry owner forced into foreclosure and no one wants it so it ends up here.The best location is pre-foreclosure as you get the best of the properties available and everyone wins, owner, bank, gov, and you.

About me, I'm interested in tax sales, foreclosures and landlording :groovy: In my area I've watched the high price homes be built one year and foreclosed on within the next two years.

Should he file bankruptcy or can he just let the homes go to foreclosure?