What is a preforeclosure? A preforeclosure is a property whose owner has defaulted on the loan payments and whose lender has initiated the foreclosure procedure, usually starting with an official "Notice of Default" to the owner. A preforeclosure property exists during the first stage of the legal procedure, and therefore still belongs to the owner.Lance Young has been an active real estate investor since 1987.



How can I find preforeclosure and probate houses? Preforeclosure houses can be found online (Keep checking your email if you've subscribed to get an excellent recommendation from me on the best way to find listings online) My SYSTEM gives you examples of actual foreclosure notices. The examples show you exactly what to look for. You will be able to find profitable deals in less than 10 minutes a day ! You also get complete information on how to find hundreds of probate houses in your area.In short, you get access to information about 2,000+ Government Auctions and 100,000+ Foreclosure and Preforeclosure listings and lots more. You should also see the Member Privileges page for more detailed information.Online listing services publish lists of preforeclosures in your area.

Who is Lance Young and what is his level of experience? Lance Young has been an active real estate investor since 1987. He started making money in real estate by buying and selling preforeclosure and bank repossessed houses. Later, he started making tremendous profits with probate houses. You can see a record of his recent preforeclosure and probate house profits by Clicking Here . In 1996 Lance wrote the first of four courses, "How To Buy Preforeclosure Houses For Big Profits".The Carleton Sheets program (sometimes incorrectly spelled as Carlton Sheets) contains basic real estate information. It touches on many subjects but does not give you the detailed information you must have to make money in real estate. To make money in real estate, you must be able to buy houses at deep discounts, then quickly resell them. The two best ways to get discounts on houses is with preforeclosure and probate houses.

How much money can I expect to make on my first deal? Buying preforeclosure and probate houses at 35% to 50% discounts will allow you to make big profits. You can realistically expect profits of $5,000 to $15,000 on each deal. It is not uncommon for first-time investors to make $10,000 or more on their very first deal. Just ask W. Davis of Philadelphia, PA. He recently made $20,000 on his first preforeclosure deal! Prior to getting my courses, Mr.

Can I buy a homeowner's house at a deep discount if he has a bank loan? The homeowner must repay his bank loan when he sells you his house. This means you will need to find preforeclosure houses that have small bank loans on them. The course shows you a very easy way to do this. In fact, it takes less than 10 minutes a day ! For example, if a house were worth $200,000 and the homeowner only owed the bank $100,000 you would want to contact him about buying his house.The homeowner must repay his bank loan when he sells you his house.

How can I find preforeclosure and probate houses? Online listing services publish lists of preforeclosures in your area. This is a fast and easy way to find preforeclosures. Click here for a free 7 day trial to our online listing service. The course gives you examples of actual foreclosure notices. The examples show you exactly what to look for. You will be able to find profitable deals in less than 10 minutes a day ! You also get complete information on how to find hundreds of probate houses in your area.We believe we have the most accurate count of real foreclosure opportunities in the business. We only include Notices of Default (as Preforeclosure opportunities) for 120 days after they are issued.