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The Complete Guide to Investing in Foreclosures by Steve Berges

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image CHAPTER 5

How to Invest in the Pre-Foreclosure Stage

In Chapter 3, we established that there are four primary stages of foreclosure. They are the pre-foreclosure stage, the auction sale stage, the redemption period stage, and the post-foreclosure stage. There are advantages and disadvantages of buying in each of the four stages. It is also important to know that the sellers are different parties in each of these stages. Buyers who understand what motivates these sellers are in a better position to negotiate with them. For example, during the pre-foreclosure stage, the distressed homeowner is the seller; however, an investor may also be required ...

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