INVESTING IN FORECLOSED PROPERTIES
Foreclosures and short sales always look so enticing, but these kinds of deals require expertise. Taking on a foreclosure or short-sale property only ratchets up the process with more intensive rehabbing and certainly a lot more maintenance.
People buy distressed properties for various reasons. To learn about the most common strategies…
Click here to go to Buy and Hold
Click here to go to Fix and Flip
Click here to go to Outcome Desired
Click here to go to Wholesale
Click here to view Video: Foreclosure 101
Buying Foreclosures – A Risky Gamble?
From the graphic below, one can see that the greatest risk occurs when a foreclosed property is auctioned (court house steps), and the least risk occurs when buying bank-owned REOs. There are other issues beyond those identified below, which add to the risk investors face when participating in the foreclosure liquidation market…
| Opportunity | Traditional Financing | Subject-To Financing | Title Insurance | Inspections | Eviction Required | Overall Risk |
| Preforeclosure | Yes | Yes | Yes | Yes | No | Low |
| Auction | No | No | No | No | Maybe | High |
| Bank Owned | Yes | No | Yes | Yes | No | Very Low |
Children’s H.E.L.P. mitigates the risk by deferring to the wise counsel of our team of experienced real estate negotiators, transaction coordinators, and finance professionals. And because we employ investors’ funds for buying and paying (materials & labor) for the improvements – we must be particularly judicious every step of the buy-fix-resell process.
Re-selling Revitalized Homes to Low-to Middle-Income Families and Individuals
The housing crisis is far from over, and we are working hard to make life better for the children of families that have lost their homes, or that have otherwise been displaced. After all, it’s the children who have been the silent victims of this housing crisis.
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