| General Information |
| R E O (Real Estate Owned) properties are those properties that the lender was forced to reposes. These are the proerties that were sold at the Trust Deed sale and and reintroduced into the lenders asset inventory. These properties are typically sold either very close to the lenders par cost or at the fair market value. Every asset situation is different but typically, these properties are sold for less than the fair market value. Foreclosures are commonly mis-understood and mis-represented. There are generally two paths to persue when considering "foreclosures". First, that of the agressive investor who hires N E I to coach them as they do the work in an effort to secure a distressed property prior to the TD (trust deed) sale. Second, that of the person who wants to secure a property that has been lost and may be reintroduced back on the market for perhaps less than the full market value. This is commonly refered to as "a deal". Securing property for less than it is valued for. Either way, communication with your Broker is imparative to your success. There are significant risks. Risks in real estate equate to money potentially lost and unnecessary exposure to litigation. We can not over emphasise enough the need for you to meet with Anthony or someone on staff that he recommends. Anthony has invested the years of study and continueing education to understand the potential risks and gain to you. He is considered to be an expert in the field and teaches on the subject via seminars. The reward is potentially great and so are the consequences without experienced expect coaching. |