How to Find Foreclosures and Make Money from Them

How to find foreclosures that you can make money from is one of the most common investment ideas arising today as the prices of foreclosures continue to decline in many areas.

But before looking for foreclosures, arm yourself with knowledge and information about the foreclosure process, foreclosure buying, mortgage loans and real estate investments so you can make wise decisions.

Learn also from the experiences and investment principles of individual property investors, such as Marc and Leslie Stoner of Eugene, Oregon who have been successful in investing in stocks and in foreclosure properties.

Leslie Stoner, who has been working as a medical representative, said she stays current not only with real estate listings in Eugene but also with economic trends nationwide.

She explained that she was able to avoid losses in the stock market collapse in 2008 because she has always been observing and studying economic trends. In 2007, she said that she felt that housing prices were soaring at a bizarre rate and that the economy was heading towards trouble, so in December that year, she took out all her family’s investments in stocks and put them all into certificates of deposit.

Stoner was right about the market because when the stock market crashed in 2008, her family’s money was already safe in bank deposits. This was also the time when how to find foreclosures was no longer a problem for prospective investors because foreclosures then were everywhere.

Stoner also said that her family lives frugally. When her husband got unemployed for 8 months, they were able to live off her salary and even continued adding to their savings.

More than three years ago, they were also able to start investing in real property when they refurbished their first house to make two duplexes and rent out the other one.

In the spring this year, they were also able to buy a repo house and an adjacent duplex near the growing Woodfield Station area for $627,000.

She hired a building contractor to make the needed repairs and estimated she is going to spend around $60,000 to complete the upgrades. She also added that her family helped in improving the properties by cleaning, painting and landscaping to cut costs.

On the whole, the Stoners were successful in their real estate investments because they live frugally to be able to save investment money and they kept up with market trends and with updates on how to find foreclosures and take advantage of investment opportunities.

Related Posts:

• Foreclosure Investing for Beginners
• 3 Buyer Tips You Should Not Ignore
• Learn How to Buy Houses in Foreclosure
• Welcome to the EForeclosureMagazine.com Learning and Resource Center
• Foreclosure Investing Facts