Pre-Foreclosure or Foreclosure

Pre-Foreclosure or Foreclosure?
? If the client?s name is on the Deed of the House
? They are in Pre-Foreclosure
? If the Owner has received the Lis Penden, they are inForeclosure
? In Foreclosure, the Seller has rights and still owns Home


REO is "Real Estate Owned" - when the Bank has taken back the property.
? If the House has Been Auctioned the House has been Foreclosed on (sometimes the term "Foreclosure is used here - this can be confusing).
? It is now an REO (Real Estate Owned) Property.
? Tricks in Today?s Market: The Lenders are playing Realtors against one Another. The Lenders are promising Realtors, if they keep the BOP (Broker's Price Opinion) high, the Realtor will get the REO Listing. Take care as "hungry" Realtors are falling for this.

Have a wealth building day!

P.S. PLEASE DON'T KEEP ME A SECRET! It's my intention to continue building lifelong relationships one person at a time and remain your personal wealth strategist for life. If you know of a friend, coworker or family member who needs to build a business, who need foreclosure rescue or need one-on-one coaching, be sure to contact me. Your personal referrals are the greatest compliment I can receive. A referral is sending someone you care about to someone you respect.

Sincerely yours,
Becky Weliczko
Janus Realty Group
6600 Taft Street
Hollywood, FL 33024
Mobile: 954.732.2666
Office: 954.880.8780, ext 358
Fax: 954.692.3546
I am THE Real Estate Problem Solver
Investor and Investment Friendly, In State and Out
Web Site: www.activerain.com/beckyw