Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Three Ways For Buying Foreclosed Real Estate




Source: Tim Lee - United States

The process of mortgage foreclosure presents three good opportunities for investment - Default/Pre-Foreclosure, Auction/Sale and the REO.

Buying Default/Pre-Foreclosures

The process of buying pre-foreclosures involves a direct interaction with homeowner and the lender. The objective here is to make the homeowner win by selling and win yourself by buying the property at a discount.

The whole deal as outlined above could be a great investing opportunity, but, timing and procedure is everything. You could discount the market value on closure anywhere up to 35% on an average. If you act in time and structure the deal properly, you may even get away with a small down payment. The ale agreements can also be tailored to your advantage by keeping them unique and flexible.

The other side could be that the owner is not available to deal. A lot of competition is out there looking to cut you down. Research in the court could be confusing and take up valuable time. Negotiations with lien holders are not ruled out.

Well, you are out there to make a nice and tidy profit and these small encumbrances would not really hurt.

Auction Buying

Buying foreclosed real estate in a court auction could be the most rewarding and the most risky at the same time. The bidding normally involves biding against the lender and other competition. The process of auction is a very fast and normally requires payment in cash within 24-48 hours.

You could get good to excellent discounts and get a wonderful return on investment in the end. By far the best investment, if you do not consider the time wasted on postponed auctions, expensive title searches and risks of improper research.

Buying REO's

The easiest way to buying foreclosed real estate is buying REO's (real estate owned). An REO is a category of property where the lender repossesses the property to cut losses and wants to dispose it off for cash, since the lender is not in the real estate business.

The lender is the only lien holder, 90% of the time which means that the REO will have a clear title (saves a lot of cost and heart burn). The property can be assumed free of all liabilities and repairs since the lender has the major interest. The property thus, may be ready for resale once it is purchased although the savings may be small (usually 10-15%).

Buying foreclosed real estate can be a profitable business if you do your homework before you invest and have the right backing of financiers to finance your acquisitions and a good marketing network to attract buyers.

About the Author

For listings of foreclosed real estates, please visit http://www.real-estate-foreclosed-home.info/




Next: Tips For Buying A Foreclosed House

Previous: Real Estate Auctions Online: A Great Way to Earn and Save Money!



Add to del.icio.us Add to Reddit Add to Digg Add to Del.icio.us Add to Google Add to Twitter Add to Stumble Upon
Add to Informational Site Network
Report
Privacy
SHAREADD TO EBOOK








Android app on Google Play

Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> Re: Should Municipality STOP selling unbuildable LAND? by Dave2
>> Re: Re: Should Municipality STOP selling unbuildable LAND? by mountainman
>> Re: Should Municipality STOP selling unbuildable LAND? by Dave2
>> Re: Should Municipality STOP selling unbuildable LAND? by Frank
>> Re: Should Municipality STOP selling unbuildable LAND? by Pfm1011
>> Re: Should Municipality STOP selling unbuildable LAND? by ruok
>> Re: Should Municipality STOP selling unbuildable LAND? by Burkhard
>> Re: Re: Muskoka Flooding getting worse ? by Dave2
>> Re: Re: Muskoka Flooding by Dave2
>> Re: Muskoka Flooding by bee
>> Re: Muskoka Flooding by Pfm1011
>> Re: Muskoka Flooding by Frank
>> Re: Re: Muskoka Flooding by Dave2
>> GIS GPS RTK Glonass etc by Pfm1011
>> Sheriff's Sale of Lands - April 27 2019 by rob
>> Re: Muskoka Flooding by Frank
>> Re: Muskoka Flooding by mountainman
>> Muskoka Flooding by Dave2
>> Rockland results please ..got them by Pfm1011
>> Sheriff's Sale of Lands - April 13 2019 by rob
>> Re: Re: RUN RUN RUN Simcoe by Dave2
>> Re: RUN RUN RUN Simcoe by Frank
>> 165 St. Andrews Street Cambridge Not Viable by Pfm1011
>> Re: RUN RUN RUN Simcoe by Ernestbidder
>> RUN RUN RUN Simcoe by Pfm1011

Visit the tax sale properties discussion boards


Articles

>> What You Should Know About Foreclosure Houses by Masni Rizal Mansor
>> Is Tax Lien Investing For You? by Joanne Musa
>> Dying To Buy A Home? Dealing With Bad Credit by Connie Barker
>> Guide to Finding Homes for Sale by Masni Rizal Mansor
>> Escaping The Affects Of Tax Liens On Real Estate Investors by David Gass
>> Property Tax Sale Process by City of Markham
>> Types Of Liens On Real Estate by Mark Nash
>> Foreclosure Homes - Buying Foreclosed Real Estate by Carrie Reeder
>> WHY CAN'T I GET A RATE LIKE THISE ADVERTISED ON TV? by Michele Roman
>> What is Premium for Tax Lien Certificates? by Joanne Musa

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy