Step 2 To Pre-Foreclosure Success

By: Romero Welch


Q1: If the property is in pre-foreclosure, how do I buy before foreclosure? Answer: When a property is in pre-foreclosure (NOD, LIS), the owner still has a chance to stop the foreclosure process by paying off what is owed or by selling the property. The pre-foreclosure period can last several months, so you may need to be patient when trying to contact the owner in default.While a real estate professional is needed to purchase a government owned foreclosure property, no such entity is needed to purchase Real Estate Owned (REO) Properties. In fact you do not need a broker or agent to purchase pre-foreclosure properties or auctions properties. Often pre-foreclosure properties can be purchased from the property owner prior to the home even going to auction. Other resources that you enable you to purchase foreclosed homes without need of a broker from include:Since 1984, all of our foreclosure information is collected directly from the County Recorder.

Where do we get our foreclosure data? Since 1984, all of our foreclosure information is collected directly from the County Recorder. We do not purchase the data and then resell it to you like many other companies. Once this foreclosure data has been collected from each county, it is verified through our proprietary process and added to our database. After this process is finished, it is made available to our subscribers immediately. This truly makes RETRAN the best foreclosure listings you can find!Real estate tips from Derek Ebrecht of GREEN LIGHT REALTY. Information is provided by "It's Time to Move Up", the real estate resource for consumers who want their questions answers in ways they can understand. Derek specializes in foreclosure homes and foreclosure homes only.

What information do you provide for each listing? Our Pre-Foreclosures, Foreclosure Houses & Repossessed Property database contains the following listing information:Our catalog of foreclosed homes and land come from many sources.

Why Choose RETRAN? Detailed Foreclosure Information: Each record in our system includes all of the foreclosure information directly from the document itself. This includes, but is not limited to, the default date, first missed payment date, estimated monthly payment amount, defaulted amounts (arrears), and principal loan amounts. We pull this all from the document so that you don't have to. Phone Numbers: We provide up to 5 verified homeowner phone numbers for each record at no additional cost.The amounts owed will remain part of the pre-foreclosure property until the sale is finalized. Before purchasing the property, all of the outstanding amounts owed have to be paid.

I just received an error message stating, "Invalid Login". What do I need to do? Retype your e-mail address and your BuyBankHomes password. Your e-mail address and password are NOT case-sensitive. If you receive the message again, then your e-mail address and password may not be present in the system and you may need to register. In filling out one of the forms on BuyBankHomes, you did not fill out a required field. Fix the information in the highlighted field(s) before continuing.Our catalog of foreclosed homes and land come from many sources. Some are government foreclosure properties such as Housing and Urban Development (HUD) homes, some are Veterans Affairs (VA) homes and some are lender owned REOs. We list sheriff's auctions, trustee's sales. We list single and multi family foreclosure homes. And even have default notices on pre-foreclosure homes and real estate tax liensReal estate tips from Derek Ebrecht of GREEN LIGHT REALTY.

What does BuyBankHomes do? BuyBankHomes is dedicated to listing notices of pre-foreclosure, bankruptcy, foreclosure and forfeited properties.The fastest, easiest and most economical way to locate pre-foreclosure homes is to join our listing service. Other sources of foreclosure property information can be foreclosure attorneys and advertisings of "Trustee Sales" and "Notice Of Public Sales", but using these sources can be very time consuming and expensive.

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