With the dramatic changes in the investment real estate market there is a huge potential for individuals that are able to make sound investments to really capitalize their investment potential. Taking a pre-foreclosure course, either in person or through an online site, is a great option to learn about the various factors that are important when getting into this investment option. Since investors are literally making thousands of dollars on a good investment property, a pre-foreclosure course is really a very small expense that will quickly pay for itself.
When selecting a pre-foreclosure course there are a few key factors to keep in mind. The first and likely the most important is the experience, training and qualifications of the course providers. Unfortunately there are a great number of courses offered online and even in person that are taught by someone that has limited or no actual experience in the investment field, rather they are simply selling a product, which in this case is the course materials. Look for programs that have proven investors that are selling more than just their tapes, books or software programs through the program. A good pre-foreclosure course does not promise to make you a millionaire in six months or a year, rather it provides a strong fundamental knowledge of the risks and benefits to investing in homes and properties.
The next step is to consider if you would do best with an in person type class or an online pre foreclosure course. If you like a lot of interaction, learn best from hearing others talk or discussing topics, an in person class may be the better option. With in person classes you will have to select a pre foreclosure course that is held at times that are convenient to you, whereas the online option provides more flexibility. An online pre-foreclosure course is a great option for a busy working professional or those with family commitments that make attending an in person course difficult or impossible. Online courses do require personal dedication and self-motivation to complete the course materials, but the information is available 24/7 for browsing and reviewing. If you are signing up for an online course make sure there is some type of phone number or email site where you can directly contact the instructor for help or questions.
Finally, make sure that the course you have selected is going to provide you with the in depth understanding of the foreclosure process including your own particular state regulations. If the course is more general in nature or if you are considering investing in many different states, ensure that the course provides access to resources where you can research mortgages, lending and foreclosure laws for the various areas you are interested in.
Finding free pre-foreclosure listings is relatively simple if you have access to the computer. Since these free pre foreclosure listings are open to everyone to view, you don't have to worry about only premium members having access to certain types of listings, everyone using the site has the same information and opportunities to find homes that are potentially moving towards foreclosure.
Free pre-foreclosure listings can be located through several different search terms and using a variety of search terms can really help you find all the possible sites. Since some of the free pre foreclosure listings will be only within a specific county, metropolitan area or state, be sure you include the location name in the search unless you are browsing around for possible investment properties where you may not be as concerned about their location.
Search criteria to use can include terms such as:
• Free pre-foreclosure properties
• Free pre-foreclosure homes
• Pre-foreclosure properties in (state or city)
• How to find free pre-foreclosure listings
• Pre foreclosure listings and free
• Homes in pre-foreclosure
When using free pre-foreclosure listings be aware that these sites get a lot of traffic and highly desirable homes or areas will be targeted quickly. Some sites allow you to use the free side of the site for browsing, however if you join the site as a member or subscribe to the site you can enter a property description and the site will email you or send a text message when houses or properties meeting your description come on the list. Some websites will allow you to view the site for free, however you will have to provide a valid email address and contact information, which typically means that you will be bombarded with emails from agents as well as advertisements from the site sponsors.
The pre foreclosure sites are generally very easy to use, with interactive maps that allow you to click on the state, county or city that you are interested in, which then brings up a list of pre foreclosure properties. Not all of the sites will have the same properties, so if you are seriously looking for a specific property be sure to check several different free sites, don't just rely on one.
If you have the time to browse through the site on a regular basis using the free pre foreclosure listings can save you the money of the site membership, which can be fairly expensive if you enroll at the premium level. In addition your real estate agent may also be able to provide free pre foreclosure listings and he or she will review and eliminate the properties that are not a match for your requirements.
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