Hello, my name is mike and I am with a national default outsourcer handling loss mit, collections, foreclosure, REO, etc on a national level for a variety of lenders.

I am sure I will never make any capital appreciation on them as their are too many rentals in that development and some are now going into foreclosure (driving down the market value of mine).I would only buy them again if I had really high cash flow and that was my goal.

Lately, the best buys have been builders unloading inventory homes at foreclosure prices.

You can track down the owner as Dick suggests, and try to buy it from them and stop the foreclosure.

From reading Schaub's two books and doing some online research, Pre-foreclosures look interesting to me, especially since FL has some of the higher foreclosure rates in the country right now.I would imagine that the depressed values, increased foreclosure rates, and slightly decreasing interest rates would allow me to negotiate the terms of financing on a few houses.

i wonder if anyone can talk alittle about recovering earnest money. my particular situation was, a contract was signed, i put down 1000.00 for earnest money. when the closing date came, the contract expired, and we did not close that day. my lender was waiting for documents from the sellers bank involving the foreclosure the property was in. a full week went by, and i changed my mind, and notified my lender that i would not buy this property. 4 days later i was being contacted by the realtors that everything was set to close. we were out of contract, and now the seller refuses to release the 1000.00 back. he is demanding that i pay him 3000.00 dollars for his troubles. i told him i would give him the 1000.00, but he wanted more. we are in oklahoma, which probably explains it all, but if anyone can speak to this issue, i would appreciate it so much...

Andy,I have heard about a ton of foreclosures there.

Hello,I apologize if this has been answered several times already, but I was wondering about insurance on a house - when the investor is doing a "subject to" purchase agreement to buy a house in a pre foreclosure, and does not plan to pay off the underlying financing for a period of time, what is the best way to keep the lender from getting wind of the change in ownership and potentially exercising the due on sale clause?

My focus as an investor is foreclosures.

With all the foreclosures happening, I would like to pick up a few REO listings.