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Cleo Katz

Cleo Katz is the author of the best-selling book on foreclosure success titled "Secrets to Foreclosure Fortunes". The foreclosure market offers many opportunities in real estate for serious money makers out there and it definitely is one of the most talked-about businesses these days all over the world. However, when looking for quality information on this topic we don't see many resources.

Well, many people who don't know what foreclosure business is, ask the million-dollar question: is there money in this business? The answer is yes and no. Like stock exchange and forex trading, you need experience to make money in this kind of a business. You will need to research on the market value of a property before buying it or the price it will receive once you decide to sell it. Then you will have to learn how to evaluate deals.

There are many areas in the real estate business and one of those is investing money in the sale of a mortgaged property. Then, there are many types of foreclosure and different laws related to each type. So, there are legal issues to be considered as well. You don't just step into this business; you do a great deal of research on risks involved and how much capital you will require before getting your hands dirty.

Cleo Katz has been in this business for 28 years now and has related her real life experiences in her excellent book. Even those who have been buying foreclosed property in the past have bought this book and sing its praises. You will learn everything you need to know about foreclosure in this book from what the foreclosure process is to pre-foreclosures, auctions and REOs.

What you need to know as an investor who wants to invest in foreclosure business, either as a side business or a full-time job replacement, is that you don't need to spend a lot of money on pre-foreclosures. You may want to consider various financing options available to you. But it is highly recommended that you first acquire knowledge on the foreclosure business and develop some basic investing skills before trying that. People who have been in this business tell you to become an authority on the investment method you choose and who can be a better example of this than Cleo Katz herself?

Be prepared to experience some ups and downs as part of a real estate business. You will also need to get in touch with some successful businessmen in this area. When the owner still has the right to sell his or her property but is nearing the time when the lender will summon the creditors, this is where you come into the picture. These properties are not just lying around waiting to be picked up by investors like you. You have to think of a way to gather information about such properties.

Well, not all can be said here. You have to grab the book written by Cleo Katz to learn more about this lucrative industry. But just in case you feel bogged down because of the intricacies of this business, you may want to check out some other home-based business ideas.

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