Massachusetts Foreclosure Homes

November 20, 2009 9:21 am | MA Foreclosures

Massachusetts Foreclosure Homes
Massachusetts Foreclosure Homes
Any Good Foreclosure Classes to Learn to Buy Pre-Foreclosed Property in Massachusetts?

I am interested in learning how the foreclosure market works to buy pre-forclosed homes in Massachusetts. I have a general idea and want to invest in properties prior to going into REO. I would like to learn step by step how it is done in MA as each state may have their own rules. Does anyone know of any good classes that teach investors to do this in Massachusetts?

the problem with a pre-foreclosure is getting the lender holder to take less then the current note not a very easy process, hence most go into foreclosure auction

also when buying a pre-foreclosure you have to worry about and second notes or other liens, since if you buy the place pre all liens are still in place unlike a foreclosure process which wipes out any junior liens,

so have to be able to negotiate with the lenders, and any other lien holders on the property if they do not play then no go

Dan BernalSalem MA Realtor – Ibanez Foreclosure Blog


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With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust? Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including: Identifying opportunities and understanding risks Obtaining information, tools, support, and resources Locating properties prior to foreclosure Assisting homeowners through the foreclosure process Acquiring properties below market value prior to the auction Buying property at an auction, from lending institutions, and government agencies Repairing, renovating, and selling or leasing property This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

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