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Buying Foreclosure Properties

The foreclosure market is ripe with opportunities. But before diving in, homebuyers and investors need to be aware of the potential pitfalls. Learn how to search for foreclosures, calculate a property's income generating potential and protect yourself from falling into a money pit.

1. Part 1

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   Getting Started

   Learn the 10 steps to buying a foreclosure and develop a strategy that works for you.

2. Part 2

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   Pre-Foreclosures

   If you're willing to work with distressed homeowners, this stage typically offers the best bargains.

3. Part 3

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   Foreclosure Auctions

   Auctioned homes are often sold as is and require cash upfront, so secure financing and do your research.

4. Part 4

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   Bank-Owned or REO Homes

   Be patient and persistent when buying from a lender. Be thorough with your documentation.

Home Buying Tools & Worksheets

• State Foreclosure Laws
• House Hunting & Open House Worksheet
• Return on Investment
  Calculator
• Foreclosure News
• Homebuying Checklist
• Mortgage Calculator
• Foreclosure Glossary
• Slide Show: 10 Best Places to Buy Foreclosures