Sorry for the long hiatus (since May of this year) in our Front Line series of articles on investment angles you can use in buying Chicagoland foreclosure properties. In this issue, we’ll explore a method for acquiring properties at deep discounts that may not have occurred to you.
Let’s say you’re looking at a property that [...]
Author Archives: John Grafft
Want Another Way to Get Your “Bite of the Apple?”
November 1, 2002 – 6:22 pm
Pre-Foreclosures vs Auctions… The How and Why
May 1, 2002 – 5:28 pm
My March article “How Do You Know a Deal is Good in Illinois?“ focused on the process by which most people research a property for bidding at auction. While buying at auction is a lucrative way to obtain foreclosure properties, for some of us, the limitation of having to have cash makes auction bidding difficult. For this reason, contacting [...]
How Do You Know a Deal is Good in Illinois?
March 1, 2002 – 4:59 pm
A subscriber called me today and said, “I’ve been getting your lists for about six months now, and I think I’ve finally found one that I’m interested in buying. Now, what do I do?” So, here is what I told him:The first thing to do is to establish what stage of foreclosure the home is in. [...]
A Change Has Taken Place
January 1, 2002 – 5:56 pm
As the year closes out with a flurry of photomontages and reflections on the aftermath of the September 11th attacks on the United States, I find myself also looking at the bigger picture.
In my last article I talked about how fear cannot stop us from moving forward with business and pleasure. The past few months have [...]
Overcoming the Fear Factor
November 1, 2001 – 5:35 pm
I don’t know about you all, but it seems that lately I’m happy to let my money stay in the bank and my rear end on the couch watching CNN. While my little life here in Chicago, IL has not changed as drastically as those of many folks in our nation, the lure for conservatism [...]
Create Equity in Over-Mortgaged Homes
February 1, 2001 – 4:23 pm
In line with the theories behind “Back-Door Investing,” we have found that, especially in Illinois, there are many ways to work a pre-foreclosure so that an investment opportunity sprouts out of an over-mortgaged property – before the auction.
Although most of your strategies for purchasing property at a discount on a pre-foreclosure basis do require the cooperation [...]
