Three Basic Methods of Buying Foreclosures

Foreclosures can be confusing. We at Whitney and Associates Real Estate understand that. That’s why we have broken down the buying of La Jolla California real estate foreclosures into three basic methods. Each of the three phases of the foreclosure process provides unique opportunities for investors and Gregg and Lisa Whitney can help you decide which one is best for you.

You may ask yourself: do I need a real estate agent to buy a foreclosure? The answer is yes! Real estate professionals, like Gregg and Lisa Whitney, are vital to have in your corner. They provide valuable insight, exceptional advice on the local market, and important information on property values. No one should purchase a foreclosure without having access to this information. Gregg and Lisa Whitney are the experts in La Jolla real estate foreclosure investments and can provide this helpful information to you as you consider real estate properties.

Now let’s get down to the three basic methods of buying foreclosures.

• Method 1 _ The Pre-foreclosure.
  The early or “pre-foreclosure” phase allows you to buy directly from the home-owner. This is valuable because you do not have to bid against other investors at an auction.

• Method 2 The Sale Phase
  The sale phase involves bidding at an auction. This is valuable because you do not have to negotiate with the homeowner.

• Method 3 The Post-Auction REO
  The post-auction REO phase involves working with lenders or realtors on the behalf of the lender. This is valuable because you may get a lender who is eager to unload the property and will cut you a great deal.

As you can see, each phase has its strong points. Your individual needs, goals and personal style of doing business will help you decide which phase is best suited for you. The market has a lot to do with dictating the phase as well.
Whitney and Associates can help you with this decision and let you know what is available and in what phase. We have specialists in the foreclosure market to answer your questions and address your concerns.

Have any questions or like to learn more? Use our handy form on the side of the page and contact us. You will see that we only require your email address. We understand that your privacy is important to you and we respect that.
We realize at Whitney and Associates that you are probably in the information gathering stage of your process and we want to provide assistance to you any way we can. If you would like to talk to us in person, feel free to call us at our main line at 858-456-3282.

When you are ready to invest in the real estate market let us help you. After all, we are the experts in La Jolla, California real estate.

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