Financing foreclosures is the part of this business that people are worried about most. Most people automatically assume that you have to have money to invest in foreclosures, which is what keeps them from investing. You will be happy to learn that you don't have to have money to start investing. Obviously everyone is in a different financial situation, so not every technique we share with you will work. You just need to find one that works for you and go with it. Even those with bad credit, no money, or no job may capitalize on foreclosure opportunities. In fact, financing foreclosures is the easier part when it comes to buying foreclosures, finding them can be the biggest challenge, unless you know where to look. These are all great techniques which we discuss more in depth in our best selling foreclosure ebooks.

The following are 10 techniques used in financing foreclosures.

Technique No. 1 Assume Seller's Obligations

Technique No. 2 Borrow Against Life Insurance Policy

Technique No. 3 Use Small Amounts of Money From Different Banks

Technique No. 4 Home Improvement Loans

Technique No. 5 Home Equity Loans

Technique No. 6 VA Loans

Technique No. 7 Find a partner

Technique No. 8 Hard Money Lenders

Technique No. 9 Use Banks and other lending instutions

Technique No. 10 Take over "Subject To" existing financing

These are just a few options you have when financing foreclosures. There are many more ways to creatively finance these properties.

Source: http://www.foreclosureuniversity.com

 

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