Foreclosure Listing – A Guide to Invest in Foreclosed Properties

When a home owner takes a loan from a lender or a bank, and is unable to repay back the loan and the interest, the lender can seize the property or sell it, according to the terms of the mortgage contract, in order to get back his dues.

Because of the present situation of recession, unemployment and inaccessibility to credit, many home owners who have taken loan by mortgaging their houses are unable to repay the principal amount and interest. And as real estate is experiencing a downward trend, the market values of property has gone down and these owners have no other go than to loose their homes to the money lenders.

If you are interested in purchasing a property, the right thing to do will be investing in foreclosed homes. The reason is that you will get properties at very low prices. There are many foreclosed properties available all over America. Now if you are planning to invest in foreclosed property, you have to know where it is available. You also need information regarding the type of houses that are available, the area where they are situated, the rates at which they are put up for sale etc.

To know about foreclosed properties, you will have to get information from other referrals or by going through the newspaper. Or you will have to drive around to look out for such properties. The fastest and easiest way to find foreclosure homes is through the foreclosure list available online. These lists contain names, address, contact details, and the present price of the properties. The internet has many websites offering this service. They provide you all the details of foreclosure properties, for you to buy.

Free foreclosure lists gives you information about different types of foreclosed properties. You can find foreclosure properties listings of banks and lending institutions, of properties taken over by them because of default payments by owners. These properties will be available at low prices because these banks and institutions want to dispose these properties as fast as possible.

The there is the HUD homes listings. This provides details about foreclosure properties under HUD (Department of Housing and Urban Development). When you go in for a HUD foreclosed home you have to keep three things in mind. First you have to bid. The bidding rate will not be known by other bidders, so you should know the present market value well, before you bid. Highest bidder gets the property. Secondly, HUD homes might not be worth the price quoted. So see the property thoroughly before you bid. Finally most of the homes might need to be repaired. So ask a third party to inspect the house and study the damage and expense to be incurred for repairs. So bid according to your budget.

What Business Are You In? What Business Should You Be In?

Some strategies for making the best use of your time and the most money for your efforts.

I’ve been a health insurance agent since 1985. I love my job, and I self-identify as a health insurance agent. However, about two years ago I discovered that I was doing particularly well at one aspect of my business and decided to focus on that aspect. I discovered that my websites were generating an excess number of insurance leads. I did not have the resources to process them.

You may be a restaurant chef who makes a particular dish that your patrons love. You may be able to mass produce that dish and sell it through other channels. You may be able to make money teaching others how to make that dish. Many people find that they can make more money teaching others how to do what they do well instead of doing it themselves.

You may be a tailor who has invented a device that you’ve been using to make your job easier. Maybe you should sell that device.

I’ve tripled my income since I decided to offer my services to other agents who are better at other aspects of my business but will benefit by getting exclusive insurance leads. It is a win-win situation for me and the health, auto and homeowners insurance agents I work with. There may be a corollary in your business.

What business are you in? Are you in the right business?

You may not want to give up your main business. You may have non-money based reasons to stay in your profession. I’ve decided to continue helping people find medical coverage because I enjoy the business, enjoy working with my son every day and want to make sure that my income comes from more than one source. However, since I discovered that I can generate exclusive leads for insurance agents and earn a good income from it, I spend less time as an insurance agent and less time working overall. This allows me to invest more time with my family and in the gym.

Tips for Maximizing Your Income:

  1. Determine what to delegate or “farm out.” Look at your business as if it were several businesses. Sometimes you will want to delegate more responsibilities to your employees or to other professionals. Although you may be smart enough to figure out the tax code, you will make a lot more money focusing on your business and paying a good CPA to handle your tax return. Give some thoughts to other aspects of your business. Cleaning the office, handling your bulk mail, bookkeeping, etc. Don’t wait until you simply don’t have enough time to do these things. If you could earn more money by having someone else perform a task and spending that time doing something else have someone else perform that task. If you will enjoy your life more by spending less time doing things that you can delegate. Please delegate. We need more happy people in this world.
  2. Determine whether or not you will make more money servicing your “competitors” by helping them with aspects of your business that you do well. If you have figured out how do something better than your competitors, maybe you should find a way to share that information and make a profit from it. Today CPAs and attorneys are using software to work more efficiently. Who do you think writes that software? It may be a CPA or attorney who once programmed for a hobby or someone in the profession who decided to partner with a programmer. I’d be willing to bet that the software for attorneys isn’t written by former butchers, bakers and candlestick makers.
  3. Spend some time thinking in a non-specific way about your business and your industry. Ask yourself questions like the following: What particular aspects of your business do you do well? What services do you wish existed but don’t? What services from another industry or another geographic area do you think would work well in your business?

This article can be copied and reprinted but only in its entirety. The article was originally published on The article starts with the heading “What Business Are You in? What Business Should You be in?” and ends with this sentence.

How to Protect Small Businesses

When you run your own business, there is never enough time and always too much to do. Being meticulous and taking care of daily business is often all you get time to do. The “To Do Today” list keeps getting longer. So how are you supposed to think about protecting yourself against possible business problems?

It could be that while you are working so hard to develop and grow your business, you haven’t noticed that your business is already under attack. Here are some tips for protecting your business.

Firstly, realize that business is business. You have something which someone wants. You have stock, business products, equipment, or cash. This is the start of protecting your assets. And this applies equally wherever your office is located. Even if you have a home office, make sure you have a door which locks. Monitor who is allowed in, and when. Be aware of who has been in there and always keep cash or valuables under lock and key.

There is no denying this is annoying, but would you rather take the time to lock that drawer, or lose the cash? A friend employed a maid, who was recommended by another friend. The girl was apparently from a good family, hard worker, etc. After two weeks of arriving late, doing a sloppy job, my friend noticed three thousand euros in cash was missing from her (unlocked) home office desk drawer. Not a pleasant feeling. And of course, impossible to prove.

It is easy to be too trusting. And if you are responsible for taking on part time or full time help, you will want to trust them. You will have a hard time accepting the fact that a trusted employee is stealing money, time, equipment or products. It has been estimated that in the USA one third of all employees steal from their employers. The prevalence in underdeveloped areas and countries is probably much higher. Think about installing a simple closed circuit television system when you are not there. If you make it public to your employees, it will act as a deterrent. It is a way to still have your eyes and ears open, even when you are not there. The prices of this kind of surveillance equipment are coming down all the time.

You have probably invested a substantial amount of cash in business equipment. Take the time to make sure that it is all marked with a security marker pen. Pay particular attention to small removable items, like laptop computers, calculators, fax machines.

Be aware that locks only slow down a thief. They don’t keep them out. Quality locks with substantial deadbolts will help. Pay attention to adequate lighting. Remember that thieves don’t like light, noise, dogs or anything which draws attention to the area in which they are trying to operate.

Take great care with your business keys. Have a key register and keep a record of who has what keys, the dates they were given out, and by whom. Before you use your key register, ensure that you have noted how many of each key there is. Don’t label them with addresses or specific information as to where they unlock. Instead, use a code only you know. Such as, O1, O2 – meaning office keys number one and two. Then if they are lost, and found by someone unscrupulous, the key will not lead them to your door.

New businesses tend to be more trusting of accepting checks because they are trying to build the business and want to attract customers. Crooks realize this. They thrive in these situations. Establish a firm procedure with which you are comfortable and believe is equable, then no matter what, stick with it. One exception to the rule may cost you dearly.

So no matter how busy you are, take some time to implement just some of these protection ideas. In the long run, you know it makes sense.

Copyright 2006