Pre-foreclosures Can Generate A lot Of Money

Released on: December 11, 2007, 5:45 am

Press Release Author: Mary Geronimo

Industry: Real Estate

Press Release Summary: Pre-foreclosures Is The Best Way To Enter The Real Estate
Business



Press Release Body: St. Augustine, FL-A Pre-foreclosure is a process where by a
default has taken place. A notice of default is the first step in this process. If
the default is not cured either a judicial or non judicial proceeding is started or
property is subject to foreclosure.

Pre-foreclosure is known as Lis Pendens (lawsuit pending) in states that conduct
judicial proceedings. There are pluses and minuses in short sales. The major
benefits of a pre-foreclosure purchase include the assurance of always securing a
clear title, which saves a lot of time, cost and apprehension when buying
foreclosures. Other significant benefits include working directly with the seller.
There are always the inherent risks to this type of venture. This is a low threat
investing vehicle therefore the rewards reflect low end results. Armed with the
right information, discounts of 25% or more are possible even though the average
savings ranges from only 5% to 15% off market value. Sale agreements are adjustable
and flexible and the investor has adequate time to research on the conditions of
foreclosure home, title and the hidden liens. "Buying a pre-foreclosure can
actually save you up to 40% of the market value of the pre-foreclosure house." Says
Jeff Kaller, industry expert. Exercising caution is vital in any investment
strategy. When purchasing a pre-foreclosure the owner is anxious to sell the
property as well as generate as much revenue as possible. Local comparable sales
research is essential when considering the value a pre-foreclosure. It's also
important to consider time and expenditures required to prepare the house for
resale. "My wife waited tables and I ran high volume kitchens. We lived paycheck
to paycheck, swapping dollars for hours. It was a dead end job. Now more than 350
houses later, my system has created an absolute army of successful students. Now
it's your turn." Says, Jeff Kaller.

Additional tips to creating wealth include: Follow the piles of cash. Find people
who have successfully http://FreeShortSaleCourse.com [created wealth] and learn from
them. Remember, it's not only what they know, but from whom they learn it. Learn
from someone who is more successful. Learn the tricks of the trade and
http://FreeShortSaleCourse.com [the best in short sale tips] from someone that has
actually built wealth and not just talk about it. Forget the past. It does not
matter who they are or from where they came. Everyone deserves to be a millionaire.

Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com
This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com

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