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How to find foreclosure leads and turn them into clients

Housing Wire

Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Each stage represents a different kind of opportunity, and knowing how to approach each one is key.

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Distressed Property: What It Is And How To Invest

AAOA

Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Bank-Owned (REOs): Real estate-owned (REO) properties are ones that didnt sell at foreclosure auctions and are now owned by the bank or lender.

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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.

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5 Takeaways from Ryan Serhant’s New Show Owning Manhattan

BAM Media

It’s up against real estate franchises and companies backed by billions of dollars—and it’s all funded by Serhant himself. “I Plan B is…bankruptcy. Ryan Serhant Real Estate is About Selling Let’s be honest, reality TV thrives on drama and outrageous visuals. I walk the plank by myself every day. So it has to work.”