Forclosed housing informational - personal experiences

[Kyle Carter]

I have been seeing a lot of houses in the area going up for foreclosure. But the whole concept of foreclosed homes is confusing to me. 

Is this a good way to get into real estate investing? What are the benefits and drawbacks of buying a seller financed home? In what instances does a house get foreclosed on?

[Bill B.]

Foreclosures ar near all time lows. What area ar you seeing all these foreclosures?

Ps. Almost an impossible way to "get started" as you're going to need full purchase price in cash on hand or a HML willing to instantly fund you.

Pps. In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down. And that balance is where the bidding will usually start. (Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)