There are a lot of foreclosures in the area, but that is great for me.

As a real estate agent ,I could easily analyze the property value as compared to owed taxes to determine whether or not the property would be worth foreclosed, but foreclosure usually isn't the goal of the investment.I haven't really found any sources of help online that explain the ins and otus.

William, we're learning here in Colorado (5th highest in the nation for foreclosures), that the banks will look at short sale offers of about 80% of FMV from which we deduct repair costs, their foreclosure costs, legal, their carrying costs, etc.

Keep in mind that I'm a total newbie and this is my first deal so I'm open to any and all suggestions.I bought a place for $65,000 in foreclosure.

Okay, so when a person facing foreclosure gets bailed out by an investor who works a short sale, are the sellers free and clear?

I just got finished reading Thomas J Lucier's Pre-Foreclosure Investors Kit.

He owes for 06 and 07 about $11,000.He has asked should he let it go to foreclosure?

Along with the credit repair operations, we also do Debt Consolidation, Credit Rebuilding, Credit Restoration, Budget Analysis, Mortgage Pre-qualifications, Mortgage Audit, Loss Mitigation, and Repossession and Foreclosure Prevention.

I subscribe to a local well respected company here in DFW that provides the list every month (Foreclosure Listing Service).

However, those who were accustom to marketing directly foreclosure leads have found an already crowded niche even more crowded by people who mail once, decide it doesn't work, and move on to the next moneymaking idea.The point is that what's bad, it turns out, is good!