***Don't Let Foreclosure Riches Pass You By

Every day brings new data about the current foreclosure boom. Just yesterday, Foreclosure Bank released statistics indicating that property foreclosures across the 50 states are running at a rate 46% greater than last year at this time. And during the first quarter of 2007, foreclosures rose 25% over the final quarter of 2006. How do you seize those foreclosure opportunities without letting them pass you by?n nI would urge you to register for our Real Estate Foreclosure Coaching Program. There are no other courses like it anywhere. But in case you think my only purpose here this morning is to enroll you in one of our courses, let me share some information that you can use immediately to take advantage of the foreclosure boom.n nStep one: Know where to find foreclosed properties. As I explored in one of my posts last week, foreclosure auctions are on the rise. They can offer great values because the banks that participate in them are eager to liquidate properties quickly. But let me share a little secret with you. One very effective way to find about-to-be-foreclosed properties is to put ads in local newspapers that say, “I buy houses.” That simple tactic can get distressed homeowners to contact you directly - and when they do, you can structure deals that work to everyone’s advantage.n nStep two: Repair your credit! Unless you are in good financial standing, you can be in for some unpleasant surprises when you are ready to arrange financing on that foreclosed property you’ve been waiting for. The time to clean up your financial house is now, not later.n nStep three: Absorb all the information you can about foreclosures. Visit this blog often. Do a daily Internet search for the term “foreclosures” and stay on top of the statistics and trends. The time to start climbing up the learning curve is before you find foreclosed properties and are eager to make your move.