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BUYING FORECLOSURES - Part 1
This is Part One of a 2-½ hour 2-DVD set featuring William Mansfield, a former real estate appraiser who has been lecturing on Real Estate Appraisal and Buying Bank-Owned Foreclosures for the past 20 years.
The main purpose of this 2-DVD set is to provide viewers with the basic principles involved in purchasing properties that have already been foreclosed on and are now owned by the bank (R.E.O.s - Real Estate Owned by the lender).
Most importantly, this set warns foreclosure investors the hidden dangers involved in attempting to deal directly with homeowners in distress prior to foreclosure, and participating in foreclosure auctions without proper access for pre-auction inspection or title insurance, and in competition with unscrupulous straw-men.
Reasons to Buy Distressed Properties
Structuring Favorable Terms
Causes of Foreclosures
Timing the Purchase
During the Publication Period
Buying the Loan
The Trustee's Sale
After the Trustee's Sale (REO)
Realtors Specializing in REOs
Computerized record Services
REO Internet Resources
More details of this set from Magic Lamp Productions can be seen at www.REO-investing.com