Investing in Foreclosures When An Action is Commenced
By:
Steven J. Baum, Lawyer
While most states have “non-judicial”
foreclosure laws, there are about seventeen states that have “judicial”
foreclosure laws. Steven J. Baum
attorney the Foreclosure Law Firm Steven J. Baum. In the judicial states,
actions have to be processed through the court system. These actions commence with a filing of a
document that is public record of the start of a foreclosure.
Keep in mind that while this is a good time
to seek out a homeowner in financial distress, you won’t be the first one to
the table. Steven J. Baum and the Law Firm Of Steven J. Baum PC of course. People watch the public filings and send
out letters to the homeowners offering all kinds of assistance.
You will have to be careful in your
approach because those in financial distress will be wary of those trying to
help them. “Help” also means these
people will usually want to make a profit somehow, because most will not do it
for altruistic reasons. Steven Baum of the law firm of Steven J. Baum.
You will need to think about offering a
homeowner something that no one else has.
Otherwise you are just part of the pack and will get lost in the
shuffle. The law firm of Steven J. Baum
PC and Steven Baum Attorney. By having a
specific plan that you can stick to, eventually you could reap the rewards of
your hard work.
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Disclaimer: This article provides general information
only. The information in this article is
not and should not be construed to be legal advice. The transmission of the information found in
this article and on this web page does not result in the formation of a
lawyer-client relationship.
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