Buying a Home After Foreclosure – Good News

If you have gone through, or are in the process of foreclosure, the understatement of the year would be that your life the last several months has not been good. Well how about some good news about buying a home after foreclosure? It can and does happen all over this country and with relative ease. This is real world stuff we’re talking about here, and not hype, fluff or outright lies. You can do this without credit reports, lenders, big down payments, banks, brokers or high interest rates.
The Real Deal…
Everyday of the year there are millions of dollars worth of real estate being purchased without the traditional hassle of mortgage lenders. No red tape and unending financial hoops to jump through. Come as a surprise? I’ll bet to a lot of folks, this seems just too good to be true. Well it is not, and is mainly being done in the real estate investing community. So why don’t we just copy some of their techniques to buy our next home and put one big problem out of our lives?
The Process…
Before we get off on a tangent about not having a lot of money or a lot of education, let me assure you that there are a lot of methods a fifth grader could accomplish if given the right training. The main process I am talking about here works for all types of incomes and lifestyles. Boiled down, this is just one of many great ways to solve the problem of buying a home after foreclosure.
The Practice…
If we don’t use a bank or mortgage lender to buy a home then we are going to have to use seller financing. This just means that we are approaching the money aspect of the purchase in a different manner. This is so powerful and effective that it remains in the background, like some type of guarded secret, yet it should not be. Seriously, this method is so much easier than the traditional mortgage route because there are less people involved, and both parties come out winners.
The Access…
The best source of practical and helpful knowledge comes from an individual that has successfully applied what they are teaching. While there is plenty of information on what we are talking about here, you must make sure that what you are being told is accurate and effective, not to mention up to date. The method to which I am referring is called a lease with the option to purchase, and you can do this. I know this because I am just an average guy that has done hundreds of these transactions.