“I love your newsletter, thanks for sending it. A CNNMoney.com article said the smart way to buy foreclosures is to contact banks and get to know asset managers. I’ve tried without any luck. Am I wasting my time?”
Answer:
Yes.
Except for tiny community banks, 99% of banks are huge institutions with set processes for selling their foreclosures.
Asset managers are shielded from and do not interact with the public. You’ll never get to talk with them, nor would you get any advance tips if you did.
The best way to buy foreclosures is to work with an agent who specializes in them.
