Homeowners Facing Foreclosure:
The Most Motivated Sellers In The World
By Melanie R. Jordan
When I used to deal with my Orange County real estate and Las Vegas real estate clients, all my real estate investors always wanted me to hunt high and low for that magical "motivated seller". And this was in the thick of the hot markets up to later 2005 when sellers just laughed in your face at any concessions. You couldn't have a more unmotivated bunch as the sellers routinely asked, and got, waivers of contingencies for home inspections, waivers for termite inspections, waivers of loan qualifying and funding.
Today the shoe is on the other foot as most
(but surprisingly not all) sellers are motivated,
and buyers are asking for the world. The
most motivated seller of all is a homeowner
facing foreclosure.
Whether the seller is the innocent victim of
easy credit, being out and out lied to by
overzealous lenders and/or Realtors, or just
got greedy with the whirlwind of speculation
and bit off more than they could chew, the
result is the same, they are motivated.
So foreclosure investing can potentially be
one sweet deal after another (if the deal
makes sense from a numbers perspective),
as all of these owners have to sell to get out
from under their troubles. They are truly motivated which is exactly what any real estate investor wants!
A homeowner facing foreclosure might initially seem slower than molasses to act. You might wonder "what's up, I thought they had to sell?" Don't be fooled, ultimately they are among the most motivated sellers you will ever encounter in real estate dealings.
Why? Unless they can refinance the property somehow (and usually this option, if available to them, would already have been explored), they have to sell the property somehow, or they will lose it to foreclosure. Can you say "motivated seller"?
Copyright 2008 SunLover Publishing LLC
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Earnings And Liability Disclaimer: We cannot guarantee you will make money with foreclosure investing nor can specific outcomes be guaranteed. Results will vary and ultimately depend upon your effort to grow your business, your talents and abilities, competition and the real estate market, among other things. SunLover Publishing is making Dan Chaco's Winning At The Foreclosure Game--Making Your Fortune With Empathy And Ethics available for sale by special authorized resale arrangement with his publishing company Clear Real Estate LLC. Any information offered in this training course or any other work is not intended to substitute for legal or other professional advice. Users of this web site, and receipients of opt-in information from this web site and the items sold for resale should consult with a professional whenever expert advice is needed especially in regard to legal, tax and compliance matters. SunLover Publishing, author Melanie Jordan, author Dan Chaco and Clear REal Estate LLC assume no responsibility or liability with respect to any loss or damage caused, or alleged to be caused, by the application of any information on this web site, in its materials, or in the materials of Clear Real Estate LLC or Dan Chaco. Dan Chaco and Clear Real Estate offer information on the subject matter indicated; Melanie Jordan is a co-author and her only role was to utilize her writing talents to present Dan's ideas she does not in any way have foreclosure expertise of her own and this publication is not published by SunLover Publishing.
Copyright 2008 SunLoverPublishing LLC
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