Your first consideration will be compiling all the information you’ll need to insure a profitable transaction. You must know what sort of liens (including tax liens) or bankruptcies have been placed on the property, since you will be held responsible for paying them off. You can find this information from a title company for a nominal fee, or for free in the county clerk’s office. Sellers are glad to entertain offers before the house goes on the block. Except in foreclosure cases, most sellers, including corporate ones, have already tried the conventional route. They’ve had to prepare for open houses, endure snarky comments by looky-loos and entertain lowball offers. Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders

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