cleaning out houses that the bank has taken back because they coulden pay off.
2007-01-21 07:10:22 · 3 answers · asked by DAVID M 1 in Business & Finance ➔ Renting & Real Estate
Contact local banks and mortgage lenders and offer your services. If you can do it quickly and at a keen price, you may be on to an nice money maker there.
2007-01-21 07:35:27 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
There are web sites and there are late night ads. But be very careful:
- Most of the houses would sell for about 80% of their value. You will NOT get a house for pennies on the dollar
- Most of these house would need a LOT of work
- You are paying interest on the money until you can sell it off - often at a price close to what you paid + enhancements
Do you still want in?
2007-01-21 07:18:59 · answer #2 · answered by RS 4 · 0⤊ 1⤋
Here's a good site:
http://www.foreclosure.com
2007-01-22 09:27:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋