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Enter the market of homes that have been abandoned by their owners. It rarely has anything to do with the home itself. |
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Fifty percent of all marriages do not last these days and both individuals tend not to want to stay in the home after the break up. |
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This situation creates a home available to be purchased under terms better than usual. |
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The home is typically already set up and ready to occupy, minus some cleaning and vacuuming. |
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If you offer the bank or dealership outside financing, the purchase can have hidden savings. Cash to a bank, basically means they are not refinancing the home themselves. They have a large investment that's abandoned and nobody's making payments, they want to sell! |
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You will need a financing source that understands what you are trying to accomplish. |
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Learn to save thousands! |
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Start your search for repossessions with a local dealer. A simple phone call asking, " Do you have any repossessed homes? " They will let you know if they do. |
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If the dealer does not, ask the dealer for the names and phone numbers of the banks he does business with. |
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You call those numbers and ask, "Do you have any repossessed homes for sale in my area?" |
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The next step would be to get the locations and prices of the homes. |
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