PRE-FORECLOSURE - This is the
period of time during the foreclosure process when the lender gives a notice of
default and the actual day the property is sold on the court house steps.
Note: If you are here to get some questions answered because you or
someone you know is in pre-foreclosure, go to the
Contact Us page. If you are in danger of being foreclosed on and you
want to sell before it happens, go to the Contact Us
FORECLOSURE - A legal procedure
whereby property used as security for a debt in the event of default in payment
of the mortgage note or default of other terms in the mortgage document.
REAL ESTATE INVESTMENT OPPORTUNITIES
- In this section you will find all sorts of opportunities, a favorable
combination of circumstances, time and place. We are going to start these
opportunities off by listing pre-foreclosures here. Remember, time is of
the essence during this time and you must act fast! These come and go real
quick. If you are interested in these, go to the
Contact Us page and fill out with an e-mail
address. In the comments section, please enter "pre-foreclosure alerts" and I
will send you an alert every time a home owner wants to sell in pre-foreclosure.
These are often good buys.
JOINT VENTURES - This is the
joining of two or more people in a specific business enterprise, such as a
development of a subdivision or a shopping center. The parties may pool
their respective resources (such as money, expertise, property or equipment).
There must be an agreement, express or implied, to share the losses or profits
of the venture. If you need a JV partner or want to be a JV partner go to
the Contact Us page and in the comments section
give some details of the JV.
BANK OWNED PROPERTIES (REOs - REAL ESTATE OWNED)
- A term used by lenders to describe real property involuntarily acquired by
them through foreclosure. This list is the same as the foreclosure list.
REAL ESTATE QUESTIONS - This is
self-explanatory. Do YOU have questions concerning real estate? I will be glad to help you get an
answer if I donít already know the answer! If you have a comment or would like to see
something else added, go the Contact Us page.