We have been overwhelmed by the media in recent months about the mortgage crash that has led to a spate of foreclosures. A great money-making opportunity for foreclosure investors willing to pursue pre-foreclosure, auction or REO (real estate ownership) properties will continue for the next two years.

If you’ve decided that investing in foreclosures is something you want to get serious about, that’s understandable. With all kinds of foreclosed properties—starter homes to wealthy mansions—selling for 20-40% below market value, you can make a lot of money fast.

So your next question is probably “what’s the first step?”

Training of course!

You can probably piece together volumes of foreclosure information just by clicking around the Internet. There is no shortage of foreclosure facts, tips and lists, etc. The problem is how to distill this information into a structured action plan that will successfully drive sales.

Information is everywhere, but WHAT do you actually do with it and how? Equally important: what NOT to do. Many 5-figure deals get blown up because young investors say the wrong thing to stressed and frustrated homeowners.

A better way to drastically shorten your foreclosure learning curve is to use a solid and proven foreclosure training method. You can obtain, structure and close foreclosure agreements in 60 days with the right training template.

Here’s what to look for when evaluating a good foreclosure training course. You must answer these questions:

– Where are the foreclosure offers?

– How do you communicate with pre-foreclosure homeowners?

– What do you say when you call the owners before the foreclosure?

– What do you investigate about property in foreclosure?

– How do you sign a foreclosure property contract?

– How do you close the deal on a house in foreclosure?

Make sure there is a strong emphasis on sourcing, structuring and closing pre-foreclosure deals.

Because?

This is where the money is.

This is the stage in which the notice of delinquency has been served on the owner but before the public auction stage.

A good training course will teach you precisely how to find pre-foreclosure landlords who:

– Have a good equity (more than 35%)

– It does not have the possibility of retention – the liquidation strategy must be executed

– It will be necessary to act quickly or face bankruptcy.

– Run these deals without your own money

Training should place a high priority on HOW to deal with homeowners in default. This is important. Remember, these people’s lives are a mess: losing a home and disrupting family stability rates as high as a stress-inducer. The owner should see you as a SOLUTION to his problem, not another vulture waiting to pick the bones from his financial corpse.

A solution that allows the homeowner to part with the mortgage obligation, keep some equity, and allow you to purchase a property at 20% – 40% below market can easily occur with the right steps.

Those steps lead to a win-win, the borrower walks away with credit intact, walks away with dignity and some cash in hand, and you have a valuable asset to sell or rent.

Investing in foreclosures is allowing many to achieve financial freedom, but training is critical…both technical and marketing. Two guaranteed training options can be found by clicking the link below.