Can anyone explain me about foreclosure real estate investing????

Jackson23 said: "My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits."

Aligator said: "Jackson, I have found a huge difference from state to state on this subject. We have invested in Ga, AL, TX, and MS. What I would do is sit down and talk with an attorney. If you have a real estate contact they can tell you which attorney does their closings. Call the attorney, tell him what you want and schedule a meeting. He probably won't charge you because there is something in it for him - he gets to close all your loans."

tomtat1 said: "[QUOTE=Jackson23;69677]My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.[/QUOTE] You may want to look at Bank owned properties as the deals are a lot less complicated than properties that are in foreclosure. The following link gives you the basics on REO’s [url]http://www.realestateabc.com/homeguide/reo.htm[/url]"

buyproperty said: "Thank you.."