Buying Property at the Sherriff’s Sale: Without Losing Your Shirt

Topics:
Market Studies,
Property Analysis
Tags:
Business Operations,
Finance,
Financial Accounting,
Property,
Real Estate,
Sheriff
Source:
The Real Estate Library

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Overview: Buying foreclosures at the Sheriff's Sale (or Auction as it's commonly known) is one of the best ways to make big profits in the distressed property business. It is also the easiest way to lose the shirt. The sale of the property comes at the end of the foreclosure process when the defaulting homeowner can't repair his financial problems with the lender. The biggest advantage to buying properties at the Sheriff's sale is the high profit potential. If there is a large difference between the market value of a property and its final judgment amount at auction, he can really win big. Typically, the largest cash rewards come from the proper application of this investing method.

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Format: HTML | Date: Jan 2003 | Pages: 1

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