Have you ever wanted to purchase a foreclosure property but have no idea where to start?
Let me guide you through the entire process. This is not a class, crash course or anything like that. This is walking with you through the process and being available every step of the way to assist you. TSG offers full representation for buyers from the very start to the very end of the process. We have representatives in every aspect of the process and will remain a resource for you long after the transaction.
From financing the auction purchase, to bidding, to the refinancing to tips and tricks to help you get the keysquickly, we will guide you through the entire process from beginning to end.
Many folks don’t realize that you can purchase a Foreclosed property with just 20% of the auction price. In some cases we can even get you financed with just 10% down.
Before you even go into the auction, we already know how much you can qualify for, the refinancing of the hard money will already be lined up and we have Mortgage Brokers and agents who specialize in Foreclosure properties that will help you with the resale if that’s your intentions.
We will walk you through the entire Auction process
We charge a flat rate of $3500 to basically hold the clients hand through the entire process:
Funding - we have at least three different funding sources available for auction money. The client has three choices for funding, 10% down, 20% down and 25% down. Finding - Whether you are an investor looking for a good investment property or just purchasing a primary residence for your family, We will help you find the properties that fit your needs, at foreclosure pricing. Rating - We rate the propertys by running them through an extensive list of criteria to help you better valuate the properties you are interested in and know your profits and exit strategy before your purchase Biding - We will assist you in bidding on the property, or if you choose We will actually do the bidding for you. Buying - once you have successfully won the bid on the property we immediately get to work on administering the purchase. Refinancing - Before you go into the auction we will already have started the process of helping you refinance the property from "hard money" to a standard mortgage using one of our many qualified mortgage brokers. Legal - We will help you with the process of removing tenants that have not left the premises. If necessary we will help you with the eviction process. Renovating - we have a list of qualified contractors to help you renovate the property and get it ready for sale. Marketing - Once the property is ready for sale, Our real-estate broker team will get to work on marketing the property on the MLS and other resources to help you sell the property quickly or find renters. Selling - Once you have a buyer we will also process the sale through our Real-estate broker
Please note: The buyer will still be responsible for all of the usual costs associated with financing and selling a property, such as loan processing fees, commissions and such. What our fee covers is the Networking, Resourcing, and Mentoring process of walking you through the foreclosure purchase from start to finish.
Please Note: The key when purchasing at auction is that you either need to have excellent credit (700 or above) to qualify for the 10, 20 or 25% funding, or you have to have the cash reserves to purchase the property outright. In Snohomish and King Counties, typical properties sell for $150 to $350 thousand at about 60 to 80 cents on the dollar. However I have seen condos sell for as little as $45,000 and as low as 40 cents on the dollar.
Foreclosure auctions can be one of the best and fastest ways to create wealth. In this unprecedented time in American history where foreclosures are at record numbers, now IS the best time to buy.
It's a win win situation for the bank and for the investor. The banks no longer have to hang on to empty houses, and are willing to sell to the affluent investor for incredible discounts.
While it may be one of the best ways to make a good deal of money, relatively quickly, it can be a daunting task if you've never gone through the process.
Let us help make it an encouraging and pleasant experience for you. We will take you by the hand and walk you through the process from start to finish.
