Tax Defaulted Foreclosures (also known as Tax Liens) are similar to a mortgage foreclosure, except they are for non-payment of property taxes (rather than default of a mortgage). The New York City Tax Lien (NYCTL) foreclosure properties first became available in 1996. This unique type of pre-foreclosure purchase offers valuable opportunities for savvy Foreclosures.com NY Lis Pendens Active [...]
Category Archives: The Front Line
Foreclosure Notices on the Rise in Valley by Catherine Reagor, Glen Creno, and Ryan Konig The Arizona Republic
June 1, 2002 – 5:38 pm
Valley residents are in greater danger of losing their homes than at any time in the past decade. After several years of record home sales, the number of Valley homeowners who received foreclosure notices jumped 28 percent in 2001 as the economy sagged, job losses and bankruptcies mounted and consumer debt climbed.
Lenders filed to foreclose on [...]
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 [...]
“In Foreclosure” Owner Options
August 1, 2001 – 5:01 pm
Before you buy a home from some IN foreclosure (notice of default or lis pendens filed on their property), you must first understand what they are going through.
I found the following series of articles extremely informative, and a MUST READ to all pre-foreclosure investors or buyers. Once you understand the mind set and options of [...]
Finding a Great Deal In Illinois
July 1, 2001 – 4:54 pm
So you have this great data-all the foreclosures from foreclosures.com in your target area-now what do you do?
This has to be the most asked question by subscribers in our Chicagoland, IL area. Fortunately, there are a number of ways to effectively use the foreclosure data you receive to accomplish your goals, no matter what they are. [...]
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 [...]
Onward and Upward?
August 1, 2000 – 6:15 pm
There is no denying that California real estate is hot hot hot! From San Francisco to San Diego and everywhere in between, prices of homes have risen dramatically over the past year. Tales of waiting lists and bidding frenzies are all too common in some bay area communities, while cities in the state’s central valley [...]
