Foreclosure Bargains: three things you must do

In 2003 one could point to any piece of real estate, buy it for the asking price and make money by reselling it a year later. In this market, the rules have changed.

In the CNN Money article on how to buy a foreclosure, the discussion is about the three stages of the foreclosure process where one can get the best deal.

The bottom line is that now is a great time to buy real estate, but you have to be ready to do business.
1. You must be pre-approved by a lender, not just pre-qualified.
2. You must have a very firm grasp of the values in the area you want to buy.
3. You have to know about the title status of a property.

Please call us in Fort Lauderdale for real estate help if you have questions about the process.