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Focus on Foreclosure Part 2 Finding Gold at Foreclosure Auctions

In part one, we talked about how to do preforeclosure investing, which essentially means to help a homeowner stop the foreclosure process. For a variety of reasons, this strategy doesnt always work. The homeowner may wait until its too late, may not be willing to negotiate, or may not even realize this is an option. Or the lender may not be willing to work with you on the deal. Whatever the reason, if the foreclosure isnt stopped, a judgment is entered, and the property is put up for sale at auction.

The auction will be held at the local courthouse or another location depending on the laws of the particular state. Typically, the date, time, and place of the sale is published in the local legal notices. Your county clerks office can provide you with the information you need to attend and buy at the auction.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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Refinancing Your Home Typical Closing Costs

When refinancing an existing mortgage, homeowners must be prepared to pay new closing costs, just as they did when they initially purchased their property. There is little difference between the costs associated with a refinance loan and those of an initial purchase loan, so experienced borrowers should not be surprised.

Following are the major costs one can expect upon settlement of a refinance loan.... View the rest of this article by visiting BuyerBeWhere.com at the link above...

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