Bargain Hunting: Flawed Homes that Could be a Good Deal

: "The U.S. Air Force major and his homemaker wife felt deeply discouraged. They had just spent four long days searching for a home in a neighborhood with top-flight schools for their kids. All the properties they visited were obviously above their financial reach -- except for one Tudor house in dingy condition.
The property seemed like a long shot because the decorative trim on the exterior was falling off and the landscaping was in a jungle-like condition. Also, the home's interior was burdened with dated, loose wallpaper and worn carpet in colors ranging from orange to navy."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Part 3 - Profiting from your Hard Money Lenders

Steve Cook - Part 3 - Profiting from your Hard Money Lenders: "Part 3 - Profiting from your Hard Money Lenders

By Steve Cook

Having a good hard money lender will help you to become more profitable. You will be able to take advantage of deals when they come available. You will be able to act quickly if need be. You will be able to obtain a prequalification letter from your lender to give yourself more credibility when making offers, and finally, you will be able to act as the bank by connecting your wholesale buyers with your lenders so they can borrow money to buy properties from you.


Pre-Qualification Letters"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Part 2 - Finding Hard Money Lenders

Steve Cook - Part 2 - Finding Hard Money Lenders: "Finding hard money lenders isn't really a mystery. At least it isn't a hard mystery to solve. You just need to get out there and take the right steps toward uncovering them. There are many different ways their investors, attorneys, accountants, insurance agents, etc., who are generally to locate hard money lenders or private lenders. When talking with other professionals, I tend to refer to my lenders as 'private lenders' simply because not everyone is familiar with the term 'hard money lender.' I have found most of my lenders by asking for referrals from others willing to help me because I do what I can to help them."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Part 1 - What Exactly is a Hard Money Lender Anyway?

Steve Cook - Part 1 - What Exactly is a Hard Money Lender Anyway?: "Private or 'hard money' lenders are private individuals with surplus money available for investment. Some have deep pockets while some have limited resources. Based upon their own personal criteria, they lend this surplus money, primarily on a short-term basis, to real estate investors who use it for a variety of profitable purposes including buying and repairing distressed properties.


Why is it called 'Hard Money'?"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Foreclosures might rise

The State | 02/09/2006 | Foreclosures might rise: "Fewer Columbia-area residents lost their homes to foreclosure in 2005, but rising interest rates and higher living costs might increase pressure on homeowners this year, some industry watchers say.Thousands of homeowners with adjustable-rate mortgages could see their monthly payments increase because short-term interest rates have risen 3.5 percent over the past 18 months.Add higher energy costs, including a 22 percent jump in gasoline prices among other reasons for the pressure, and homeowners with tight budgets start to sweat."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Foreclosures High in Pueblo and State

The Pueblo Chieftain Online - Pueblo, Colorado U.S.A: "Foreclosure rates remain high in Pueblo and the rest of Colorado.
Among states, Colorado currently ranks No. 2 in foreclosure rates, behind Florida. In Pueblo, foreclosures are running up to four times as high as in the late 1990s.
The Pueblo County Trustee's office reports completed 806 foreclosures last year, up from 663 the prior year and three to four times more than the 200 to 300 foreclosures a year of the late 1990s."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Tennessee in Top Ten List for Foreclosures

WVLT VOLUNTEER TV Knoxville, TN: Tennessee in Top Ten List for Foreclosures: "Huge housing sales coupled with low mortgage rates have been a trend across America the last several years. In fact more Americans own homes than ever, but there is a growing problem along with the market: Foreclosures.
Volunteer TV's Eric Waddell tells us that the state of Tennessee ranks in an unenviable top ten list.
Last year nearly 30 percent more homeowners from the Volunteer state had their homes forclosed and taken from them that the previous year. However, if you are in financial trouble, we have some advice from experts. Act early"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.