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Last Updated: May 14th, 2012 - 22:24:01 |
Undoubtedly, the best home investment deals are through Home Seller Financing. What is Seller Financing and how does it work in conjunction with Foreclosures? If you can persuade the sellers to help you with your financing, you are on your way to the most profits. Also, you may often get easier qualifying and lower costs.
Find your own mortgage telemarketing leads and Be your own sales force. Although Realtor Robert Deimel says in Real Estate Today, “innovative sales people often are necessary to bring owner will carry (OWC) into the mix of financing possibilities,” we the buyers are ultimately the ones who can best, “offer the carrot of seller financing.”
Act fast as soon as the Pre-Foreclosed Real Estate is in default. Make contact with the delinquent owner through either a friendly letter, a tactful call on the phone for an appointment, or a neighborly knock at the door. (Make sure there are not any “No Trespassing” or “No Soliciting signs posted. Some homeowners are quite thankful that you showed up, because some homeowners do not even know that they have the right to sell or acquire Mortgage Re-financing before the Foreclosure Listings auction.
Some homeowners even pack their bags and move out of the house leaving you no forwarding address. In that case, First Time Home Buyers may need an experienced real estate franchise to help them track down the owners of the Foreclosed Real Estate.
Once Foreclosure Listings are used and the owner is approached, a mock flyer may be used to help you teach the owners how they can sell before the foreclosure. Use a mock flyer that will help you buy the house yourself at the best mortgage investment stipulations. Or produce a second mock flyer helping the homeowner Shop For Mortgages that will give you the Loan Originator a substantial fee.
You might want to imitate a few on this list of sample flyers.
OWNER MAY CARRY 2nd Financing Home Mortgage!! Near schools, best area, 2 Bedroom. Remodeling basement for Extra Bedroom. Make Offer! Only $120,000.
Century 21 330-3030
Or
Lease With Option to Buy $1450 per month. 1-year rent goes toward down payment of $180,000 purchase price. .
315 Park Drive-OWC. Complete Interior Remodeling done, Brick bungalow, Cozy foyer, 2+ bedrooms, large kitchen with dishwasher and electric range, and living room with oak cabinets, recessed lighting and gas fireplace, owner finance and homeowners insurance, privacy fence surrounding huge yard. Call 400-0002
Or
OWNER CONTRACT! Only $6950 DOWN on this 4 Bedroom ranch (84,950. 9.75% APR. No BALLOON!) fenced yard and home improvement design just done with paint of pale grays, also new carpet, etc. pay your dream house off in full only 25 years! $999.09 per month. 395-3001.Owner.
Or
LEASE / PURCHASE. Imagine owning your own home & moving with ease through a flexible Contract and mortgage rates with little down. This Lovely 3 Bedroom, 11/2 Bathroom with a beautiful and private Cape Cod basement sitting on a wooded ac lot. Located near all the Conveniences. Hurry! Low 90s. Call Donny 900-8078.
Or
NO, QUALIFY 6+ bedroom, 4 Bath. $495K. Owner Financing, only 50K dn. 151 Calendar Pl. Call 200-0505
Even when sellers reject advertised OWC, keep the flyers in mind. You never know when they will change their mind and call you on the previous offers.
Use your Free Foreclosure Listings, because valuable deals are being added to the list every day. Especially in Florida mortgage housing markets or California home loan areas, foreclosures abound. In past decades, investment property homebuyers often had to hunt meticulously through mortgage telemarketing leads for bargains offering foreclosures and REOs. But now softening economic conditions always boasts a Free List of Foreclosures that usually require easier qualifying and low down-payment plans.
Yes, the future forecast of Foreclosures is predisposed to repeat the past. So, become a specialists at helping borrowers who are in default, by offering to teach seller financing. Buy your dream investment properties through Seller Financing and Foreclosures and you will earn large rewards Today.
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