Real Estate Investing - What are Foreclosures and How Can You Develop a Business Around Foreclosures? Part 1

There are more than 1,000,000 homeowners in foreclosure every month. They are behind

on their mortgage payments by three months or more. Families are losing homes at

record rates and the trend continues to increase steadily.

The homeowners who need help are usually at least two or three months behind on their

mortgage payments because of a past situation that was temporary, such as divorce, a job

loss, a medical problem or another unexpected expense that caused them to fall behind.

Many of them are good people who want to stay in their home, and in many cases, they

CAN afford their mortgage payment because the situation that caused them to fall behind

is over. However, their lender requires all the delinquent payments plus late fees, legal

fees and filing fees, and they will not accept partial payments.

Some homeowners will never be able to keep their home. The "issue" that caused their money

problems was a major one and was not going away - such as a severe, ongoing illness that

hit them hard financially.

When the homeowner misses two or three payments, the lender files a lawsuit

to collect the delinquency and the homeowner doesn’t know how to handle it.

Lenders don’t care if the homeowner really wants to work out the problem.

This is where YOU come in. You have an enormous opportunity in front of you.

Based on the facts and figures presented earlier, you have more prospects

available to you now than ever before.

Think about it. If you are like most people, your worst fear about starting your

own business is not finding enough clients. Clearly, that is not the case here,

and we aren’t writing this with smiles on our faces. There is a serious problem

in this country that requires immediate action.

There is money to be made in Foreclosures, but there is a huge amount you

need to learn.

• First, you need to know what the homeowner's options are in a possible Foreclosure situation.
• Second, you need to understand how you can help them depending on whether they could possibly meet future payments or not.
• Third, you need to know what courses and programs are out there to help you learn the strategy that best fits your needs.
• Fourth, you need to understand what the pros and cons are of the possible strategies.

Whether you are starting a real estate investment business and need to learn this information, or whether you are a homeowner who might face foreclosure in the near future and need to know what all your options are, THESE ARTICLES I WILL WRITE OVER THE NEXT FEW WEEKS WILL DEFINITELY GIVE YOU THE INFORMATION YOU NEED.

Feel free to subscribe to this blog so you can read each article as soon as it is published.

Good Luck.

Jeanette