Article #1 from Foreclosure Articles
by David Whisnant Editor, Real Estate Investor, and Attorney

Foreclosure:

Doubling Your Foreclosure Business With No Competition

profits up, here is all that you have to do: if the owner of a property you like goes into bankruptcy, stay in touch with him or her. Sooner or later, they may need your services if their bankruptcy case is dismissed.

Here is an example of how this simple task made me over $30,000 the first month that I implemented it.

I found a great house that was in foreclosure, but even with my other systems and techniques, I just could not get the owner to sign on the dotted line. The owner seemed to be in denial that the foreclosure was actually taking place, or that the bank would come in and take his property away from him.

I started to worry less and less about the deal and more about the owner as the auction date approached. Finally, I told the owner not to even worry about selling it if he didn’t want to, but that he should consider bankruptcy to avoid the foreclosure. I explained to him that losing his home AND his equity was not the answer.

Thankfully, he declared bankruptcy and stopped the foreclosure. The story does not end here however.

I stayed in touch with him over the next few months with my magnetic marketing letters. It turned out that he was unable to meet his payments in bankruptcy, so his case was tossed out of bankruptcy court. This meant that the foreclosure process would begin to gear up again and his creditors could resume their attacks on him.

I knew that there was no way that any other foreclosure investor had stayed in such tight contact, and that no other investor knew that the house was going to be foreclosed again. As far as everyone knew, the

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