Real Estate Guide

Real Estate Guide (Page 24)

Foreclosures: Sugar or Arsenic?

To the novice real estate investor foreclosures often look irresistibly attractive. Who wouldn't want to make a quick profit of 50% or more? But whether a foreclosure deal is really sugar or merely sweet-tasting arsenic depends on a list of complex factors. Foreclosure is a legal procedure in which a mortgage holder reclaims a property due to default on a loan. Some states in the U.S. allow 'strict' foreclosure ?the borrower has a certain period to make... ❯❯❯