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

If possible, find out if they were ready to move in retail sales or if they were foreclosures or some other reason the value may be discounted.

It converts the nonrecourse debt of the mortgage to a recourse debt of the members where the bank can go after the members if the proceeds after foreclosure sale of the building does not satisfy the debt owed to the bank.This is a general explanation and there are many other factors that can change the outcomes.

The result: Millions of Americans, unable to pay off their loans, lost their homes to foreclosure.

Hello,I am new, well I have bought several properties over the years but am about to launch into pre foreclosures with the hope of eventually being a full time investor o single family houses, to wholesale at first and then to hold for rental.

The house was sold as is as a foreclosure.

What would you suggst for a newbie like me who has alot of the basic knowledge and experience, but who has not actually done a pre-foreclosure deal?

I hope to learn more about pre-foreclosures and ?

It has been my experience that people that get into foreclosure usually end up there because of something they did.

Some great data points in there.1.1 million loans out of 8.37 million ARMS will be in foreclosure in the next 6-7 years.