9
FORECLOSURE OR PRE-FORECLOSURE?THAT IS THE QUESTION
The foreclosure rate is the highest it has ever been in the United States, and it is going up. Foreclosure is a natural by-product of home ownership, and U.S. home ownership is at an all-time high. Real estate investors are entering a time of unprecedented opportunity in the foreclosure arena.
How does a foreclosure happen? The first event that triggers the foreclosure process is when the homeowner is unable to send payment checks to the mortgage company or bank. After a few months of nonpayment and several letters from the mortgage company, someone at the mortgage company makes the decision to turn the homeowner’s file over to an attorney to start the foreclosure process. If homeowners would ...
Get Are You Dumb Enough to Be Rich?, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
