Investing in property foreclosures can be a very lucrative. But in order to be successful, you have the resources and knowledge on the market and what needs to be done before your property foreclosure investments make you money. Our team of experienced professionals perform market analysis to determine which areas are the most profitable and which properties are the most viable for possible property foreclosure investments.
The PIP Group specializes in all types of foreclosures including bank foreclosures, tax foreclosures, secondary market foreclosures, pre-foreclosures, and short sales. As an investor, you make the decision on which type of foreclosure you are interested in. Then, we handle every aspect of the investment including acquisition, management and liquidation while you retain 100% ownership.
Here are some examples of property foreclosure investments:
Tax Deed Acquisitions in Georgia
- You are rewarded deed upon successful bid but it can still be redeemed within 12 months following purchase.
- If redeemed, the tax buyer surrenders the tax deed to the homeowner in exchange for all principal invested plus 20% penalty.
- If not redeemed, a tax buyer can begin the foreclosure process.
- Also referred to as a “hybrid deed.”
- The “redemption investor” is encouraged to foreclose on a property in order for it to redeem during the foreclosure process.
- The property either redeems or it does not redeem within the redemption period.
- If it does not redeem, the investor has the opportunity to receive the title of the property and if they do not want the property we can sell the property to another investor for an amount a little higher than the taxes and foreclosure costs the initial investor put into it.
There is very limited inventory on this type of acquisition, therefore they get sold very quickly.
Secondary Market Foreclosures
- An investor purchases a tax lien that has not redeemed and the investor is not interested in foreclosing.
- The property is then added to the Secondary Market and the new investor has the opportunity to earn substantial interest if the lien is redeemed during the foreclosure process, or
- Own the property for a fraction of its actual value.
- The most common type of foreclosure acquisition.
- The banks foreclose on the mortgages and then offer the properties at public auction to investors within the county.
- Nearly all bank foreclosures are going to require some level of repair, may require eviction, and a deep level of knowledge and experience in order for an investor to be successful.