The conventional wisdom suggests that foreclosure property investors should focus on the pre-foreclosure period. However, the CW also cautions against working bankruptcy leads. When homeowners file for bankruptcy, they can delay the foreclosure process, some times indefinitely. Thus, most foreclosure and pre-foreclosure investors give up on bankruptcy cases. This presents unique opportunities for diligent and persistent buyers.
Remember that homeowners simultaneously faced with bankruptcy and foreclosure are under a great deal of stress. As an ethical buyer, you can provide solutions that will restore the seller's dignity and give you an edge over other investors. The key is not simply offering more money than other buyers--it is staying in touch with sellers and treating them individually and compassionately.
After all, you never know when a bankruptcy case will suddenly go into foreclosure again. If you have been staying in touch with the lead throughout the bankruptcy process, acting as a source of solace and information, the seller will almost certainly turn to you to close the deal. That said, you don't want to waste your time with bum leads either.
That's why savvy Florida foreclosure buyers turn to ForeclosuresDaily.com for fast and accurate info on listings in Florida and North Carolina. Here at ForeclosuresDaily.com, we employ a team of associates who actually research the information found at tax assessors' offices and courthouses around the state, compiling data in an easy-to-use online forum. Our website also offers unique training opportunities teaching the in's and out's of Florida foreclosure.
