I have seen ads on TV for 'systems' for buying properties from people in financial trouble- but it seems to good to be true. Have any of you done this? Did it work out? How did you get started?
I have a nice home, but my goal is to buy a small income property that I can leave to my niece in about 15 years. (20 if I am lucky).
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I want to purchase a foreclosure property in California to live in. What should I do first, how do I begin the process? Do I contact banks, real estate agents or what? What are the common mistakes people make in dealing with foreclosure properties and what do I avoid? I am obviously a beginner at this and don't even know how to start the process, any help would be wonderful!
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Who do you make the checks out to, yourself incase you don't get the property? or the trustee service company?
What do you once you purchase a property at the court house steps and the people have not vacated the property?
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