There are some banks that announce the auction date for some of their foreclosed properties. However, if there are no scheduled auction, most banks just let buyers submit their offers and usually within three days, if still there are no other offers, the offer will be decided and be approved immediately if the offer price and documentary requirements are acceptable and complete. However, if during the submission of offer, there are also other offers or offer submitted, it will automatically undergo a sealed bidding process. Buyers can resubmit their improved offers until the last date set up b ..read more

A foreclosed home listing is like a guide to a property that is available for purchase through a lender sale. They come about when a homeowner defaults on their home mortgage loan. After a default, the lender will have to sell the home and use the proceeds to cover the remaining debt owed by the homeowner. But the opportunity for buyers to win these homes for discount prices manifests in the sale or auction itself, where lenders often undersell properties. Since they only need to collect an unpaid portion of the original loan amount provided, they can sell the home for less than its full valu ..read more

If you want to get into real estate, for personal or investment purposes, but you just do not have the cash to get you started. Purchasing real estate is still possible even without a down payment. Below are a few techniques, provided the seller is willing to negotiate and has a genuine interest in selling the property as soon as possible. Buying with no money down. The simplest method for real estate investment is to take over their mortgage payments. This is called assuming the mortgage. Naturally, you will need to be approved by the original lender to assume the mortgage. If you canno ..read more

Real estate investing is one of the most attractive ways of making good money (that is if you do it correctly). Moreover, real estate investing is also a lot of fun. A lot of people practice real estate investing as their core profession and, in fact, make a lot of money that way. Real estate investing is really an art and, like any art, it takes time to master the art of real estate investing. The key, of course, is to buy at a lower price and sell at higher price and make a profit even after paying all the costs involved in the two (buy/sell) transactions. Generally, people are of the opini ..read more

You don’t need millions of pesos to get a real estate investment and to begin making a living.  In fact, it is real estate that could lead you to getting the millions of pesos.  If you want to work your way into a residual or passive income from real estate, then following a few specific rules can help you make your investment into your fortune.  If you are thinking of beginning a real estate investment, you can start by finding one property that only needs a little fixing and can be used for other purposes.  There are several foreclosures and other types of programs, such as rent to own o ..read more