Got Foreclosure! - Blog

OK, I’ve decided to give you an idea about how I go about identifying the BEST foreclosure properties to go after.

Why don’t we take the search that I posted in this blog post a few days ago and take it a step further.

The image below shows what happens if we narrow down the search in the same higher-end Arcadia zip code to the following criteria:

1. Pre-Foreclosure only
2. Equity position of at least 30%

As a result of this search only 11 properties of the 44 Pre-Foreclosures are left:

This is a great list to focus your attention on. For example, a property on 4th Ave with a zillow.com estimated value of over $900,000 has a combined loan balance of less than $400,000.

Certainly there is a deal to be made here…  There is no need to wait until these properties  get stuck in an overpriced listing!  Email me for help!