No generation in American history has ever experienced the number of foreclosures and defaulted mortgages as is happening now. However, opportunistic real estate investment professionals are turning the recession into great profits with a bit of creativity.

The new opportunity is known as ‘Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.

Let’s take a moment to analyze the basics of this incredibly lucrative business.

To understand Bulk REO investing is to understand the foreclosure process.

As a borrower becomes increasingly behind in his mortgage, the lender regularly calls and writes the borrower with default warnings and threats. The formal process of foreclosure begins at the lender’s discretion. The name for this period is ‘preforeclosure’.

Foreclosure is completed when the property is put up for auction. Ownership of the property is returned to the lender if the property is not sold at auction. The lender then categorizes the property as ‘Real Estate Owned’ – or ‘REO’ for short.

Local real estate agents are usually used to resale REO properties at retail price to the general public. However, lenders are increasingly willing to take much less than their REO asset is actually worth. This happens because the buyer of the REO is required to purchase multiple REO’s in a single transaction.

Qualified real estate investors are increasingly finding once-in-a-lifetime opportunities in these REO packages. Bulk REO Investors are most successful when they have a well-established source of funding for their REO packages. Some sources of funding for these transactions are: personal funds, hard money lenders, commercial lenders and non-conventional sources such as private investors and hedge funds. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Salvatore Bushemi of Dandrew Partners, a New-York based hedge fund.

Robert Allen, Internet Marketing Specialist has teamed up with Home Wealth University.com  

   (Publisher’s note: This article originally published on GoArticles.com and republished here with permission.)  

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   Home Wealth University was designed to help the average person generate above average income in their spare time from home.   The HWU Double Acceleration Matrix compensation plan was designed to allow anyone to make money whether they ever recruit another single person or not.   Unlike many companies that require you to start from the bottom and build from scratch.   HWU Double Matrix is specifically designed to build and fill fast.   That’s because each person gets TWO PROFIT centers in the Matrix.  

   This unique design fills TWICE as fast to ensure maximum SPILLOVER.   In fact you can earn from 0 to 00 per month without ever enrolling a single person.   Home Wealth University provides each new member their own web site.   The web site is ready to go the day you join the company.   This makes it easy for the “Newbie” to start making money immediately says Bob Allen.   HWU also has a complete training program, marketing tools and a full support department.  

   How many times have you heard the expression, “I wish I would have joined that company when it first started.”   Well, this is your chance to do exactly that.   Home Wealth University.com is currently in Pre-Launch.   The official launch date is October 1, 2009, but people are joining this ground floor opportunity right now.  

   Bob Allen with Home Wealth University wants to invite you to take the next step towards your financial future to join him & countless others involved in Home Wealth University’s Pre-Launch opportunity.   You can contact Bob Allen at http://robertlallen.homewealthtour.com/ or email; bahomewealthuniv@gmail.com or by phone at (239)596-4012 in Naples, FL.  

   Robert L Allen, Home Wealth University.com, Internet Marketing Specialist, Mentor & Trainer.

A superb resource: Stop Foreclosure Houston

To Stop Foreclosure in nearly any city in the United States of America, there are basically only a few legitimate options. Some of these you’ll know, and some will be brand new to you.

Here are a few directions you can take:

• Sell your house prior to the foreclosure auction. The value of this idea will vary heavily depending on the nature and quality of your local real estate market. If you’re in a market that still has very slow resale rates, selling your home could be a challenge. Ask a local real estate agent to determine the average number of days on the market for properties in your area.
• Initiate a loan modification. A loan modification is a process through which your lender changes the payment terms of your loan to more closely match your ability to pay. While this is not a guarantee, loan modifications have become more popular in the last 12 months.
• Refinance the property. If you are not yet fully into the foreclosure process but have reason to expect you will fall behind on your payments, it may be wise to try to refinance your mortgage to a lower rate. If your property is worth less than the balance of the mortgage, you’ll want to inquire regarding a “short refinance”, which is when a lender forgives a portion of the debt against you in order for you to refinance your property and pay off the remainder of the debt you owe.

When you’re trying to stop a foreclosure, the key is fast action.

Warning: Be very wary of people who aggressively attempt to purchase your home for investment purposes. While there are many legitimate real estate investors, there has been a significant amount of fraud with “Stop Foreclosure” scams, and it is wise to be very, very careful.

Please remember: The crisis you now face will soon be over. As a foreclosure survivor myself, I’d like to encourage you to remain hopeful, and to understand that your future does not equal your past!

Thanks for reading this information about how to stop foreclosure. I hope you’ve found value here.