A Typical Foreclosure Scenario:

An owner defaults on a loan, spends some time trying to come up with some money and ends up calling a Real Estate Broker for help. With very little time remaining, the broker realizing how serious the situation is, discusses with the owner the only remaining options.

Option #1
The Foreclosure
"Profit" Speculator

The foreclosure speculator is out to make a profit and will only offer to the financially troubled owner little more than moving expenses - literally pennies on the dollar!

Does a few thousand dollars for all your equity sound like a fair deal?

More often than not foreclosure profit speculators will offer owners nothing more than what it costs to move.

It might be a great deal for the speculator but selling the equity for just pennies on the dollar is a very bad deal for the owner.

Option #2
A Trustee Auction

This usually nets the owner none of the owner's equity.

The lender simply starts the bidding at the amount owning on the loan(s) plus foreclosure expenses.

This leaves the owner with nothing and the lender, with no bid being made, gets the property title.

Don't let your property be sold at a lender's auction for the amount owed on it.

If you are an owner in foreclosure contact us for a FREE Consultation to find out more.