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Created by Jamie Bates

Jamie Bates

I have over 25 years of experience in the Real Estate and Land Development industry. In addition, I have my law degree and practiced law in both the Real Estate and Corporate practice settings.

My experience is varied from development of residential and commercial properties as well as working with private equity investors and lending institutions.

I am a graduate of Florida State University and the University of Denver College of Law.

I am now retired and would like to help aspiring individuals or seasoned real professionals expand their knowledge of the industry.

  • Price: 275 $
  • Language: English
  • Duration: 4 Hours

Purchasing Foreclosed Property – Course Overview

“One man’s trash is another man’s treasure.”   English Proverb

The purchase and redevelopment of a foreclosed property can be very lucrative to the real estate professional.   However, the risks associated with such an endeavor can be just as great.

This course will discuss the aspects and challenges in the purchase of a property that is subject to a foreclosure.    Real world examples will be provided to demonstrate how to succeed in this venture and also the pitfalls that always linger right below this surface.

Course Outline

In this 4-hour course, we will review the following topics related to purchasing foreclosed properties.

1.       Locating information/listings on Foreclosure properties?

2.       Differences between a Foreclosure, a Short Sale, and a Deed in Lieu.

3.       Review of Court filings in a Foreclosure.

4.       Methods of Foreclosures from state to state.

5.       Timelines and their importance.

6.       Working with the Foreclosing lender and their Attorney.

7.       What is Loss Mitigation?

8.       Pitfalls in purchasing foreclosure properties.   There are a lot of scams out there!  

9.       Q&A Session.

Course Materials

A.      PowerPoint Presentation Slides with Discussion Points.

B.      Checklist to be used during the Foreclosure purchase.


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