An equity position less than 25% can work for rental investments, but for resale purposes 25% is a safe figure.

Some banks have regulations stating you must take possession of a property before you can sell it again.

Generally speaking, a subprime mortgage is a home loan made to borrowers who have low or no down payments and/or poor credit ratings.

Ignoring the notice of foreclosure is a surefire way of losing your home.

Just remember, do not ignore the foreclosure notice and once you have it, do not panic, because in every problem there is a solution.

Banks do not want the foreclosed home back – they want your interest and your mortgage payments.

Make friends with your local lenders and let them know you are the one to call when they have a foreclosure looming or in progress.

Real estate loans give us a major tool to purchase property while putting very little, if any, of our own money down into the deal.

In addition to that, the mortgage interest rates are lower than they have been in decades.

Take a look around at the homes in your area and consider investing in one as a place in which to live or to rent to others.

Another way to buy foreclosed homes is to buy after the bank auction is over, from the bank or an auction company, and these are called REOs.

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