5 Simple but Powerful Tips from the Pro on How to Buy Foreclosed Property Below Market Value

It's still a universal law that in order to succeed in foreclosure, you have to follow some steps. Remember the following 5 tips from the pros. To view the complete foreclosure news by RISMedia please go to: http://rismedia.com/index.php/article/articleview/7802/1/1/

1. Learn about the different types of foreclosure properties, and the foreclosure process. These are namely (NOD) Notice of Default, (NTS) Notice of Trustee's Sale and (REO) Real Estate Owned.

2. Secure financing early - you got to have money to buy real estate right? Financing will always be the bread and butter when it comes to real estate investing.

3. Engage a real estate agent as a "buyer's representative - you need other real estate professionals to be succesful in real estate investing.

4. Do your homework - you have to know the inside and out of your target property.

5. Make a realistic offer - an accepted offer is what puts everything official and binding. Handshake or verbal agreement doesn't cut it in real estate transaction.

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Written by Resty Malia
Buying a Home Foreclosures.com