1:46 a.m. - 2010-03-27
Ethical Foreclosure Investing
When I first started looking into foreclosure investing, I thought that most people who had any dealings with type of investing were scam artists who preyed upon poor homeowner,who just happened to be in the wrong place at the wrong time. Paying on time isn't always easy, with the economy down it's hard to raise many so some people have trouble making payments. We all know what happens after that ... The "investor" swoops in, buying the home for literally pennies and then flips the house and makes a huge staggering profit.
Those types of scum, sadly, exist. They make a profit where ever they can and from whomever. These scum don't care about families and their homes, all they want it the money. There are people though, who do foreclosure investing ethically and in a way that helps families. These sorts of people know that money is tight right now, so they do everything they can do help the home owners. Usually it's not the homeowners faults. Most of the time it's not something they could have controled. People lose their jobs or cannot work due to injury. People also become sick or there is a tragedy in the family.. Just like rubbing salt in a wound, these poor families are hounded by debt collectors, collection agencies and others all while being threated with eviction.
. Successful ethical investors however, seek solutions which are win-win for everyone. Many people and organizations actually devote day and night to helping troubled homeowners just because it feels good.
What sort of foreclosure investor do you want to be? Will you help others or use them? Wouldn't you rather be a fair foreclosure investor who plans to really work with troubled homeowners with plenty of choices for them and with a fair offer for thier home all while still making an good profit?
I know from personal experience that there is nothing better than having someone give you an offer to a solution that is stress free. Foreclosure is extremely stressful, and nothing else. It's like having the weight of the world lifted from your shoulders when someone comes to you offering to fix this horrible situation you are in and allowing you to put it all being you with ease
While foreclosure investing you are sure to come by families and homeowners who would rather eat their arm off than work with you. It's understandable. You won't always get your way. Many times you will loose out to someone who is less ethical and is out for the quick buck. Don't worry. Personally, I like to wake up in the morning look in the mirror and like what I see. Treat distressed homeowners fairly and with compassion and you will find more opportunities opening up to you than you know what to do with.
You can read more about foreclosures here:
Foreclosure Investing - The Profit Await
Interested in Foreclosure Investing?
Interested in Foreclosure Investing?
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