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Buying at a foreclosure auction is risky, so do all the homework you can and be prepared for surprises. I consider this real estate speculation, not investing. Many that pursue these end up losing money before it's all over, so proceed with great caution.... more
Foreclosures, estates and distressed properties can be most difficult to weave your way through the complexities of the process.. Working with a qualified professional who has experience in navigating the process will help. Having worked through several foreclosure opportunities for other clients, PATIENCE is required. Most lenders have stacked up foreclosures and someone is a remote location has a stack of files on their desk that they are working through. Your offer(s) may not be getting the attention needed from the lender or may not be being taken seriously for a variety of reasons. Some that my office has actually "closed" for buyers have taken 6 to eight months to get through. Just know that the process is cumbersome and sometimes frustrating although not impossible. My advice; find a professional REALTOR who has expertise, experience in working with these properties / lenders AND be patient. If your expectation is to "close" in 30, 60 or even 90 days adjust your parameters. Good things only come to those who wait.... more
Consider visiting local realty offices and let them know about your company and the services offered, possibly leave some flyers behind--some of the larger offices do have regular staff meetings, consider asking the broker owner and or office manger if you can speak for a few minutes at one of those meetings, etc.... more