08-23-2007, 07:10 PM
there are tons of websites that state how many properties are in forclosure process...
I guess bank owned or distress property is better to get because the owner doesn't have time to wait for a good offer and will accept a lower offer just to dump it to get out of the loan...
I am normally don't like to take advantage of peoples mishaps but... When you find a property in forclosure ... how does one take advantage of it? Is it worth the time to search them out? Is this more for investors?
Thanks for any replies as I am just curious more then anything.
I guess bank owned or distress property is better to get because the owner doesn't have time to wait for a good offer and will accept a lower offer just to dump it to get out of the loan...
I am normally don't like to take advantage of peoples mishaps but... When you find a property in forclosure ... how does one take advantage of it? Is it worth the time to search them out? Is this more for investors?
Thanks for any replies as I am just curious more then anything.