http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#comments Comments from '5 Things To Know Before Buying a Foreclosed Home' in Foreclosure Made EZ at BiggerPockets.com http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3430 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3430 Interesting information, Rick. Do you know it this company is planning to expand out of MI? http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3439 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3439 Great stuff..i always like doing pre-foreclosers, they can get a little messy sometimes lol. Rick Irvin http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3440 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3440 Rick, what are some good ways to find these before they go on MLS? http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3441 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3441 Hi Jon, You have to understand one thing. The foreclosed homes are controlled by either the mortgage company themselves or an asset company. The Mortgage Company or Asset Company than hires a real estate company to represent them. The real estate company fiduciary reasonability is to the company they represent or who hired them. So, in theory , there is no way of getting a head start over everyone else. But now, the real world. It is all about relationship and who you know. Start cultivating relationships with realtor who do a lot of REO work in your local area. Unless you can get to either the bank person handling their REO or an asset manager from one of the asset company with handles REO, your local realtor who is dealing in those properties is your best source. http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3445 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3445 Hello Rick Merlini, Thanks for sharing such useful tips, since I am also in this real estate field for some years so I can surely say to other people that the tips which you have share should be very helpful for all the people. I am also running a site ( http://www.verynicehomes.com/ ), where you can find a lot of good options in <a href="http://www.verynicehomes.com/">denver colorado real estate</a>. http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3446 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3446 Santosh Manjrekar , Thanks , I will visit your website. Lets stay in touch http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3463 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3463 Hey Rick, Don't you think it is a little misleading to tell people that "there is a new company that I think is perfect for purchasing foreclosed homes. Foreclosuremadeez.com is a company that will find you the foreclosures and, before you make an offer, they will bring in their sister company, Propertrestorationllc.com, to conduct an inspection on the house and talk with you about any repairs or other possible home improvements you may want." You know of this new company as opposed to telling everyone that this is your company and your sister company also and that you beleive they are good because they are yours and that you have a vested interest (to say the least) in these companies. I am all about promoting oneself but do it in an honest way. If your company is that good then don't mislead people. be honest and give people all the info and let them decide. I would be hesitant to do business with you or your company due to the fact that I wouldn't know what else you would be misleading me about. just my 2 cents. George http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3513 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3513 Hi George , How is the kids and wife. I hope well . Nothing misleading that I have a interest in these company. So hello to your wife for me. Have a good day Rick http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3540 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3540 Hey Rick, no wife and kids here, i'm single, so no need to try to change the subject and mislead again on the point. Have a great day out there in michigan George http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3550 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3550 What happen to wife and kids , did you get divorced? If you did , I am sorry to hear that George http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3716 http://www.biggerpockets.com/blogs/750/blog_posts/3504-5-things-to-know-before-buying-a-foreclosed-home#c_3716 Hey Rick, These are very useful tips and I must say thanks to you for sharing these here. Since I am also working in real estate industry I can safely say that the tips which you have share would be very helpful for all the people.