Topic
Hi, l am wondering how a finance real estate professional makes an income from handling Foreclosures, in any aspect. Is it similar to ''points'' and a mortgage broker is way of income?
AnyForeclosure specialists in the house?
Career in Real Estate: How much money can you make on a foreclosure deal?
You have to have a ''connection'' with the repo companies who pay around 5-6% of the purchase price to the listing company/agent. Sometimes you can connect with them online. Chase Home Finance, Homesteps, Wells Fargo are a few of the more common ones. Check with the local banks too. They often have repo properties that they will pay a commission for the sale of. You have to be a licensed agent or broker though.
Career in Real Estate: How much money can you make on a foreclosure deal?
0% to 6% .. depends on where the foreclosure stages is at ..
or which banks.
many times it is a set amount of $$$