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Short Sale and Foreclosure in Virginia

Ways investors club approach homeowners facing foreclosure

There can be instances when homeowners facing foreclosure are flooded with offers of foreclosure help from the various investors club, the investors agree to pay a specified amount to the homeowners in exchange for the ownership of the property so that the homeowner can use that amount to pay back the amount and avoid foreclosure. This in a way does help a homeowner who does not have the required finances but the foreclosure assistance he/she receives is because the investors club want to invest in the property looking at future gains and not to provide foreclosure help to the homeowners.

The investors club try and get in touch with the homeowner through a realtor or sometimes even with the help of the lenders. The motive on most occasions is to purchase a property in less than the current market value and to maximize profit out of it through various means.