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Foreclosure Auction Quick Cash Course

Foreclosure Auction Quick Cash Course

Foreclosure Auction Quick Cash Course

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This is definitely one of the most potentially lucrative times in the history of the US. Buyer fear is driving housing to historic lows. . The Obama administration's efforts have been useless, and the public is without direction or hope.
There are 3 super profitable ways to make money, given current conditions. Systems that actually deliver even today.
We will not consider short sale riches programs, because, frankly, that’s not our cup of tea.
One - The first system out there that promises high returns is Robert Kiyosaki's rich dad, poor dad. This bottom line, no bs system will enable you to make a reliable income. Some day. Meanwhile, you have to put up with a host of potential problems, including property upkeep, dealing with scammy renters, and possible further drops in value.

 


Next: Next up are deals with county tax sale overages. This type of program deals with buying deeds of properties where the property is about to be foreclosed upon at an extremely small percentage of value, and then flipping them or renting them out. By buying the deed, you can exercise the right of redemption, picking up the property for only the amount of minor court expenses and the amount of the taxes that are due on the property. The problems inherent with this are twofold. The most obvious issues that comes to mind is that you are making an assumption that you can actually flip the property or that it is actually a rentable property. If you go the rental avenue, you are stuck with the same problems as with Kiyosaki's system. The deed based programs are the land profit formula generator, the free and clear real estate program, and of course rick dawson's deed grabber.

 


Lastly: we've saved the best course for last and it the strongest course available on the net today. Now this course pulls the equity of the home without ever having to buy property or deal with reselling or renting it. This method allows you to pull out equity created by overages that result from foreclosures. Both tax sale and bank foreclosures. The county holds these funds. They are called excess proceeds or surplus funds from foreclosures. And you can claim it while avoiding finder laws.

 


Here's the deal. Practically each and every day properties are going on the auction block at foreclosure at thousands and thousands above and beyond the mortgage it is supposed to satisfy. The monies generated in excess are forwarded to the local court house clerk of the court, and/or on to the Treasurer for the State. The point is that the court must then notify the folks entitled to this money in an effort to return the money.

 


In addition to the ex-owner, there are a number of entities who can lay claim to it. Equity or second mortgage holders and judgment holders can make a valid claim.. It comes down to when the lien or judgment was created in the first place. .
Using a simple worksheet and a program called the gold mine system, everyday folks can make extraordinary money. Just choose the hyperlink in this write up, & start up quickly! ---

 


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