Rain City Guide

Interested in Pre-foreclosures?

Dustin on 06 20, 2005

On Saturday, the Seattle PI hyped pre-forclosures:

A good place to find these cash-flush speculators is at foreclosure auctions, according to longtime Tampa, Fla., property investor Tom Lucier, author of “The Pre-Foreclosure Property Investor’s Kit.” But by the time a property reaches the auction block, it’s probably worthless as a short-term investment. The trick is to find the distressed property in pre-foreclosure.

Pre-foreclosure is that period of time between when the lender files a foreclosure lawsuit or notice of default in the public records and the date the property is to be sold at public auction or trustee’s sale.

About the Author: Dustin Luther

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As the founder of Seattle's Rain City Real Estate Guide, I love to talk, discuss and implement social media strategies that drives business in real estate. In following this passion, I founded 4realz.net Social Media Strategy and regularly speak about social media strategy to real estate audiences. You can connect with me on LinkedIn, become a fan on Facebook and follow me on twitter at @tyr.