subject: Investing In Foreclosures - How To Find Amazing Deals On Real Estate Through Government Auctions [print this page] As homeowners sadly struggle to pay their mortgages and enter the foreclosure process, you as an investor have a huge opportunity to jump into these situations to profit handsomely. While it may be best to pick up properties during the Pre-Foreclosure process, turning to government auctions is the next best step in securing real estate with a high return on investment.
After the time has passed for the homeowner to avoid the auction process, that property will most likely be handed over the county Sheriff who will then hold the auction. The revenue from this auction will be used to pay off the mortgage balance and any other expenses.
If you're ready to take on the risk associated with investing in these foreclosures, the best place to start looking is online government auction notification sites. While the actual auctions will be held at a local courthouse, you can find out about them in advance through these notification services.
This helps you out because if you were to contact the county Sheriff directly, you probably wouldn't get too much help on the information you'll need as an investor. But by using these services, you can find out more details about the house to help you do the proper research required to make sure you're investing wisely.
For example, you should always check the information on the house to see if there are any liens, taxes, or debts associated with the property. The last thing you want to do is attend an auction, make an impulse purchase, and then realize that you've thrown your money down the drain. Getting advance notice of the properties lets you do your due diligence first.
