All About Foreclosures

What to offer for HUD foreclosures is not hard to determine if you or your real estate agent have the experience or knowledge of buying HUD home foreclosures. It is just a numbers game to HUD and it is easy to figure the numbers that HUD will accept for HUD foreclosure listings.

As many in the industry find beads of perspiration appearing spontaneously on their brows as they contemplate the end of boom-time bounty, people in some real estate sectors aren't sweating the small stuff like plummeting sales and inventory glut. In one area of the market, the worse things get, the more opportunities there are.

Welcome to Foreclosure Fiefdom, where one man's pain is another man's gain.

Foreclosure sales are a dark and little understood corner of the market that involves buying a home or investment property either from an owner who cannot pay the mortgage or from a lender who has repossessed a property. For as long as I've written this column, first-time home buyers yearning for an affordable house or divorcees determined to make a nest egg for their children have written me for advice on how to crack the foreclosure code.