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Larry Goins Offers Information on Foreclosures

(EMAILWIRE.COM, October 22, 2008 ) Lake Wylie, SC - Foreclosures have reached an all time high. Most of us know that we can make a fortune on a foreclosure, but do not have enough real estate business information to help us purchase a foreclosure. It all seems so daunting.

A foreclosure is when the bank takes back the property after a borrower has defaulted on the mortgage. Many people bit off more than they could chew while the real estate bubble was inflating. When the bubble burst, many found that they owed way more on their house than the house was worth. This incited many people to leave their homes and allow the bank to take over. After all, their homes were not an investment anymore. For them.

But the foreclosure can be an investment for you, and a good one, too. You just need to know enough real estate business information to get started. This includes knowing which real estate documents that you have to use, who to contact to make a deal, how to make a bid, real estate inspections and all about title searches.

Once you are armed with enough information about how to purchase a foreclosure, you need only get your financing together and you can then make your move to purchase a foreclosure.

There is a lot of real estate business information circulating on the internet. But how many of the so called investors have actually invested money in real estate and how many of them are just telling you how to invest your money? You have to be careful. This is an excellent time for investing in real estate, but you have to learn from someone who is walking the walk, not just talking the talk.

We all want something better than the job we currently have and know that there is opportunity in the residential real estate market. But few of us understand about deeds, residential real estate contracts, title searches and home inspections. If you have never purchased a foreclosure, you have to do you due diligence prior to bidding on the property.

For example, do you know that you can do your own title search? You can - the information that the title company gets is all public information. They just back it up with a title policy. You should still get a title policy when you purchase a foreclosure, but prior to that, you can search the premises in the county records and make sure that there are no other liens on the property and that the taxes are paid up. This can save you a lot of money. Instead of ordering a title commitment for any property that you are interested in and paying hundreds of dollars, you can do your own title search for free!

About The Goins Group, LLC:
For more articles and a 10 part e-course on how to create your own Ultimate Buying and Selling Machine! plus over 50 training audios, simply go to where you will gain instant access to all of this plus 51 exclusive, editable Forms and Documents, two real estate investing eBooks, a personal coaching profile, nationwide wholesale property listings, weekly training teleconferences, a subscription to my weekly investing newsletter, Admission for two to Investor Palooza and Much More!

Contact Information:
The Goins Group, LLC
Larry Goins
Tel: 803-831-0056


The Goins Group, LLC
Larry Goins

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