I wanted to provide you with a checklist of “buy signals” that experienced pre-foreclosure investors look for and find when evaluating an investment property. These are sure signs that you’re on your way to buying your next architects in Maine property at a substantial discount.
{You don’t need to have all seven factors together in one place,The 7 Buy Signals Of Pre-Foreclosure Investing Articles but when you find one of these signals, the others are usually right around the corner (no pun intended)~You don’t need to have all seven in place, but when you find one, the others are usually close by~You don’t need to have all seven buy signals in place, but usually when you find one, the others are sure to follow~You don’t need to have all seven buy signals in place in order to move forward with the investment, but it sure does help}.
Buy Signal #1: Homeowner Is Behind On The Mortgage Payment
This is an obvious one, but I thought it needed to be included in the list. {Most homeowners who fall into pre-foreclosure cannot climb back out and usually end up losing the property~Most homeowners who fall behind on the mortgage payment cannot catch up and usually lose the property at foreclosure auction~Many homeowners who fall into foreclosure cannot bring their account current and end up losing the property at sale}.
{When you don’t have money to pay the mortgage, you don’t have money to maintain the house or the grounds either~When homeowners can’t afford to pay the mortgage, they cannot afford the others bills either~When homeowners can’t affored to pay the mortgage, they cannot afford to maintain the house or the grounds either~When a homeowner cannot make the mortgage payments, the property and grounds usually take on signs of neglect}.
Buy Signal #2: Grass Is Overgrown
After many years of running the streets as a pre-foreclosure investor, I learned to pick out (in an instant) the house in foreclosure as soon as I turned onto the street.
{High, overgrown grass is a sure sign that the house is in trouble and the owners (if you can find them) will have a compelling reason to sell~Overgrown grass is a sign of neglect~Overgrown grass can sometimes be telling you that the house is in some kind of trouble}.
Buy Signal #3: Windows Are Busted Out
Busted out windows are usually found in vacant or abandoned properties.
{When the owner moves out, sometimes the neighborhood kids like to get together and pull out their personal rock collections and proceed to work on their throwing motions~When a homeowner in this situation moves out, the neighborhood kids like to get together and work on their target practice~When homeowners in this situation move out, local kids sometimes vandalize the property by busting out the windows~When a homeowner in this situation moves out, the neigbhorhood kids can get together and take out the windows if you know what I mean}. {This usually involves selecting the proper target~This involves honing in on the best possible target~This usually involves picking out the right target~This usually involves knowing which target to select}.
