Free Foreclosure Listings
For The Greatest Opportunity in America

Your second step is to educate yourself in the foreclosure process and in real estate investment.

And your third step is to begin investing in foreclosure homes.

Hi, I'm Jay Hasbrouck, and I'm here to help you all the way with your real estate investment business plan.

As a foreclosure specialist with 30 years experience in working with foreclosure homes, I have dedicated this site to helping you begin getting the information you need to take advantage of this great opportunity.

Why are foreclosures the opportunity of a life time?

If you want to sell your home and its worth $100,000.00 dollars, how much do you expect to sell it for?

$100,000.00 right?

So how can you ever get a good buy from an individual, right? However, when purchasing a foreclosure the institution CAN afford to take a loss because we the American tax payers are paying for the loss the institutions take.

Have you heard of the trillion dollar bailout?

Obtaining the free foreclosure listings for your area is your first step to taking advantage of the greatest opportunity in America at the moment!

Here is more information on obtaining free foreclosure listings: HUD foreclosures are the most well known. Other foreclosures are: Fannie Mae, Freddie Mac, Farm, Bank, VA, and Tax foreclosures, these are all considered foreclosure homes.

Your second step is to educate yourself about foreclosure process.

Understanding the foreclosure process helps all parties involved to know what they can expect.

When a loan or mortgage on a property has become past due, a foreclosure is the means by which a bank or other lender can reclaim the property from the borrower.

Normally, when a person borrows money to purchase a house, that person agrees with the lender to make timely payments of a specified amount on a certain schedule.

Depending upon state law, lenders can initiate foreclosures after one missed payment, but usually its three missed payments.

Part of the foreclosure process is giving the person 21 days written notice prior to foreclosing.

There are several ways in which foreclosure process can be initiated:

The foreclosure process can begin with a bank notifying the borrower 21 days prior to foreclosure that the loan is in default and the property will be seized by a certain date.

This gives the borrower a chance to make up the payments, or to sell the property.

In some cases, the lender may take back the property without foreclosing. This is called a deed in lieu of foreclosure. The lender usually acquires the property back at the loan amount. Thus, when they put it back on the market it is usually at full market value.

This is the reason it's important to look at the foreclosure listings because those properties have been foreclosed on.

Other bank owned properties on the market may be as outlined previously, or they might be short sales.

Another part of the foreclosure process is selling the property on the court house steps, if someone bids higher than the debt owed on the property, the owner has the right to any funds the institution makes from the sale.

Lenders usually try to sell the properties for as much as possible, but by the time you add in closing costs, real estate commission, attorney fees there usually isn’t any profit.

Some home owners facing foreclosure take an alternative route by filing for bankruptcy. This gives the borrower an opportunity to renegotiate with the lender in hopes of an easier payment schedule.

Depending upon the length of bankruptcy proceedings, the borrower may have to pay several months of back payments, or roll them into the loan, so the owner can start all over again.

Don’t believe everything you hear! Look for the free foreclosure listings that are available in your area. Find a good real estate agent (such as The Texas Foreclosure Specialist) that understands the foreclosure process, and knows how to find foreclosure homes. Foreclosure homes give the home buyer the opportunity to buy well below the current market value.

Free foreclosure listings