Have you ever heard the bar bell? The one that rings around closing time for last call, and as a reminder that it's time to pay the tab. In the U.S., the bell is oftentimes used to signify a generous tip. In the home foreclosure business, there aren't any bells to ring, but there are an abundance of great deals to be had, if only ready, willing and able buyers have the necessary tools to avoid the pitfalls. There are a number of roadblocks to purchasing a foreclosed home. They include: The Bank handling the property. As most Realtors can attest, this is THE most difficult hurdle in the transaction process. The bank is THE BIG DOG. They literally control the entire transaction. Unfortunately, when, what, and how they process a foreclosure is less than transparent. When the...
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