Mortgage and Real Estate Opportunity - Invest in Foreclosures and Preforeclosures

If you made a decent living in the mortgage or Real Estate industry and aren't holding on to your money or taking advantage of the incredible foreclosure and pre foreclosure markets, please tell us what you're doing?

A good friend of mine did quite well in the mortgage industry, mostly brokering A-paper and then writing his own mortgages. He retired before the mortgage bust (he's in his late 20's) and almost immediately found a killer buy on a commercial property that was going through foreclosure or pre-foreclosure. The only reason he got the deal was because he knew someone who was helping the owner get through the foreclosure process. He bought the property for pennies on the dollar and now makes enough money off of the commercial property to ensure his retirement indefinitely. Just look at today's LA Times Business section, the headline Santa Ana foreclosures spur a bittersweet boom: "Angelica Maciel, who was priced out of the market during the real estate bubble, closed on this Santa Ana bungalow last month. She paid less than $270,000 for the two-bedroom, 910-square-foot house, which previously sold for $504,000 in 2006." People are buying properties for almost half their original price...it's time, or close to the time to buy, especially in the foreclosure market!

Right now there are so many pre-foreclosures and foreclosures that it's tough to weed out the good deals from the deals you hear about through the grapevine. How do you know that the 'good deal' you heard about today isn't the 'unbelievable deal' you may find out about tomorrow?

I've been getting glimpses of Prop Stream's preforeclosure, bank foreclosure and foreclosure software and so far have been completely impressed by it's features. It give investors the opportunity to work a deal with the owners and bank before they go into foreclosure or wait until they have been foreclosed on and be the first to the auction.

The software gives you the ability to forecast foreclosures based on their preforeclosure status and for mortgage brokers, get people out of foreclosure while they are in the pre-foreclosure process. That's right, if you are in the mortgage industry, this is an opportunity to generate leads and help people work through their high-risk situations or get them into a more manageable loan. You can also become the short-sale expert in your area with the tools to run comps based on any area in the country and with more information than the MLS.

Powerful tools to help people keep making a strong and stable income are what will keep the mortgage and real estate experts in the cash while the markets change. And if you're like my friend, you may just make enough to retire sooner than later.

As always, best wishes and best of luck.