Section 2: Buying Pre-foreclosures, Auctions and REO

 0:00 – Introduction/Disclaimer

00:41 – Pros and Cons of Auctions/Pre-foreclosure/REO

4:56 – Judicial vs Non-judicial foreclosure

6:20 – Non Judicial Foreclosure Process example

8:44 – Targeting Pre-foreclosures

11:37 – Example of a pre-foreclosure tax record

14:06 – Tips for working with homeowners in pre-foreclosure

19:04 – Tips for talking with homeowners in pre-foreclosure

21:27 – Tips for working pre-foreclosure deals

25:33 – Different ways to buy auction properties

26:09 – Buying at Trustees Sales (due diligence)

30:14 – Buying at Trustees Sales (preparing)

*Please note when I say cash, I’m referring to cashiers check (not carrying a briefcase of cash with you!)

33:14 – Buying at Trustees Sales (bidding process)

35:26 – Buying at Trustees Sales (winning the bid)

36:58 – Using professional companies for auction bidding

39:11 – Judicial Foreclosures

40:18 – Buying REO’s through MLS

40:58 – REO guidelines examples

44:42 – Examples of websites to bid on/buy houses

45:39 – Example of property on Auction.com

47:06 – Brief introduction to HUDHomestore.gov and HUBZU.com

48:19 – Final thoughts on auctions and bidding online