Investing in Real Estate

If you are looking for a bargain on your house purchase, look to
foreclosures. There are three phases of foreclosure; pre-foreclosure,
foreclosure sale and REO (Real Estate Owned). At any point prior to actual
foreclosure the home owner can avoid foreclosure by paying off their debt,
in some cases they must only catch up their back payments, in other
situations they must satisfy the entire debt. You can buy the property from
the owner, they avoid foreclosure, possibly even receive some cash, and you
receive a great discount.