What is a foreclosure investor?

A foreclosure investor is someone who buys foreclosed properties in Washington with the intention of either reselling them for a profit or rehabilitating and renting them out. Foreclosure investors are often real estate investors or investors who specialize in buying foreclosed homes. Foreclosure investors are able to buy properties in Washington at a discounted price from lenders or the government. These investors often finance the purchase with their own funds, and they will have to pay all of the closing costs, appraisals, and other fees associated with the transaction. Foreclosure investors can also purchase properties through auctions or online auctions. Foreclosure investors must research the local market and understand the foreclosure law in Washington. They must be aware of the laws that govern tenant rights, eviction laws, and foreclosure laws in the state. Foreclosure investors must also understand the financial risk associated with purchasing a foreclosed home. They must have the resources and knowledge to repair and maintain the property in order to generate a return on their investment. Foreclosure investors must be familiar with both the mortgage defaults and home-foreclosure process in order to make a profitable investment. They must also become familiar with the documents associated with a foreclosure in order to complete the closing process. Foreclosure investors must always remember the risk that they could end up with a property that is not worth the price they paid for it.

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What is a foreclosure investor?

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