They are much easier get financing on and you get first pick of all the good foreclosure deals since they have preference for owner occupants.

I just signed my first foreclosure p&s and theirs tenants I think maybe the owner.

Hi @Kenneth GarrettLease Options with too much option fee charged can be considered Instasllment Sales and require a foreclosure to get the property back if TBer defaults.1.

There are no secrets in real estate... there is greater knowledge  some have it some don't then there is luck and market timing which can be seen as luck or really smart investing or a combination.buying a great value and refinancing out money is hardly earth shattering.. or new or some secret concept.On the flip side there is such a thing as IP and certain knowledge you gain that can give you an edgefor me when I was buying court house steps I would get approached all the time when people saw me buy 3 props in 1 hour for a million bucks.... they want to start asking questions of course.. and Of course I just politely tell them I learned the foreclosure game over many years and its all public knowledge and I suggest they go study it.  

they say they hunt leads from over 12 sourcesit seems like a handy tool, but do theyalso find auctions and foreclosures?

Straight foreclosure doesn't seem exactly right.

It also may depend on how you acquired it - for instance I think some foreclosures (e.g., Fannie / Freddy)  have a maximum increase (say, 10%) that a property can be sold for within a certain period of time from the acquisition (say, 3 months). 

Along the same lines, is there a way to find out when a home is "pre-foreclosure" so you can help to sell that property prior to it going into the foreclosure process?

What is the first step in starting the foreclosure process?

The house is going for foreclosure on 7th of next month.