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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Use the process to get another house. Posted by Ward-CA- on September 30, 2001 at 3:11 PM In Reply to: after foreclosure posted by Barb r. on September 30, 2001 at 10:13 AM : Our home was foreclosed and I only found out about it 2 wks before the court date. My husband hid all court papers from me and always said everything was ok when I asked if payments were up to date. My question is will I ever be able to buy another house? =•=•=•=•=•=•=•=•=•=•=•=•=• Barb, if you want to buy your next home through the traditional real estate channel you will have to wait several years to buy again. However, if I were you, I’d capitalize on your foreclosure experience. Use it to your advantage. Get a great deal now by buying from an owner in trouble, who couldn’t care less about your credit rating. Oddly enough, going through a foreclosure tends to make you a much better foreclosure investor than those who have never had the experience. You’re able to better relate with people who are losing their homes, and know what motivates them, far better than most people. So read several foreclosure books in your local library that are attuned to your state’s jurisdiction and then subscribe to a local foreclosure notice to get your leads. Then negotiate a win/win transaction with an owner in default to take over their home before they lose it at a foreclosure sale. You will save their credit and get a replacement home for yourself in the bargain. And, for safety’s sake, just take title in your name or in the name of your trust (see link below). Come back to this board any time you want for further help. Good luck. The Title Holding Trust Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Our home was foreclosed and I only found out about it 2 wks before the court date. My husband hid all court papers from me and always said everything was ok when I asked if payments were up to date. My question is will I ever be able to buy another house? : =•=•=•=•=•=•=•=•=•=•=•=•=• : Barb, if you want to buy your next home through the traditional real estate channel you will have to wait several years to buy again. However, if I were you, I’d capitalize on your foreclosure experience. Use it to your advantage. Get a great deal now by buying from an owner in trouble, who couldn’t care less about your credit rating. : Oddly enough, going through a foreclosure tends to make you a much better foreclosure investor than those who have never had the experience. You’re able to better relate with people who are losing their homes, and know what motivates them, far better than most people. : So read several foreclosure books in your local library that are attuned to your state’s jurisdiction and then subscribe to a local foreclosure notice to get your leads. Then negotiate a win/win transaction with an owner in default to take over their home before they lose it at a foreclosure sale. You will save their credit and get a replacement home for yourself in the bargain. : And, for safety’s sake, just take title in your name or in the name of your trust (see link below). : Come back to this board any time you want for further help. : : Good luck. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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