The Foreclosure Series: An Introduction

by Joe Sesso on April 20, 2021

Are you interested in learning more about foreclosures and the foreclosure process? Are you trying to find a foreclosure property to potentially invest in? If the answer is “yes,” then you have come to the right place. Over the next several weeks I will be releasing a series of posts that I am calling, “The Foreclosure Series,” to provide readers with everything they need to know about foreclosures and pre-foreclosures. Included in this series will be foreclosure terminology, how the foreclosure process works, how to find foreclosures, and much more.

In my last post, I talked about the potential for a “tidal wave” of mortgage foreclosures when the country fully opens up again from COVID-19. Whether this will happen or not is still unclear, but the effects could have a major impact on the real estate market. This is why I feel it’s important to not only address the potential impact of having millions of homes nationwide in the foreclosure process, but also to educate readers on ways to mitigate foreclosure and pre-foreclosure situations.

I know a few things about foreclosures. When I first became a licensed Realtor in 2000, my area of focus was working with homeowners in foreclosure to help them sell their homes before they went to auction. This was my focus until 2003, when I started a company that focused on purchasing distressed properties. Between 2003 and 2008, my company bought and sold more than 40 distressed properties. I flipped many of them for a profit, but I also kept some for long-term investment. I also wrote an award-winning book in 2008 – The Foreclosure Revolution, which discussed the foreclosure epidemic in America, as well as investment strategies. But despite writing the book and being an expert on foreclosures, I still personally felt the effects of The Great Recession, which made for years of holding numerous properties that were worth less than the mortgages that I was paying on them. So I have felt both the joy and pain of investing in real estate as well. As painful as that period was, I learned more from may failures during this time than all of my successes – Combined! That’s what I want to share with you.

So tune in (or subscribe) to my blog over the next several weeks. We are going to take a journey in the world of foreclosures. Our next post will address foreclosure terminology.
Image of Joe Sesso Joe Sesso is the Executive Director of Sales Marketing for Homes.com and an Award Winning & Best Selling Author

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