As the market becomes hot most investors are struggling to find deals. Pre-Foreclosures and Shadow Inventory still remains the largest source of distressed inventory. In the Chicago market there are over 30,000 pre-foreclosures that will end up either on MLS, Auctions, or bank owned REO properties. Most real estate investors including experienced investors have no idea of how to work the Pre-Foreclosures. Pre-Foreclosures are the single largest source of hidden deals at any given time. At the upcoming meeting we will breakdown how to mine for gold with Pre-Foreclosures.
Pre-Foreclosures can be divided into two major categories
• Properties listed in the MLS (5% of all Pre-Foreclosures)
• Off market deals NOT in MLS (95% of all Pre-Foreclosures)
Andrew will cover how to break down off market pre-foreclosure deals
• Pre-Foreclosures with equity
• Pre-Foreclosures 60 days or less from auction
• Pre-Foreclosures without equity or commonly known as short sale
This meeting will be packed full of tons of content and information that you can put to use immediately.
FREE MEETING FOR ALL ATTENDEES
REMINDER: ChicagoREIA.org- Northbrook
Tuesday, September 3rd- 6:30pm (Check-In / Networking starts at 6:00pm)
Pre-Foreclosures: Mining for Gold
2875 N. Milwaukee Avenue, Northbrook, IL 60062
Chicagoreia.org is the largest Real Estate Investors Association in Chicago. The best part is that we are #1 in terms of member productivity. Attendance at the ChicagoREIA Chapter Meetings is 100% FREE!
At ChicagoREIA.org our goal is to Listen, Learn, Share, Grow and Leave The World A Better Place Than We Found It.
See You at the Meeting!
The ChicagoREIA.org Team