I'm looking to assign contracts on pre-foreclosure homes but I need help!!!?

Question: 1. Do I contact home owners by mail or phone? What do I say?
2. Once I see the home, what do I look for? Are there any inspections I need to pay for? etc...
3. What about home owners with 2 mortgages? How does that work?
4. Where is the best place to find a buyer to assign the contract to?
5. When do I get my fee?
Any help on this would be REALLY appreciated...oh and I also heard that there is a seperate form you have to have in California on top of the purchase option contract,or you can be sued?? ANyone know what form that is?

Thanks!!

Answer:
I don't do pre-foreclosueres, but my favorite creative real estate website is creonline.com. If you post to their forums, I bet you'll get some answers. Good luck!

---

If you receive answers to ALL those questions ACCURATELY, then good luck to you.
Otherwise take a quick Community College class.

---

More Related Questions & Answers...

Foreclosure?

Has anyone been through a foreclosure ?

Is there a difference between buying a foreclosure house and auctioning?

How many points has foreclosure taken off your credit score. Deed in lieu?

I want to buy a house in foreclosure. How does the process work?

How long it will take for a bank to order a foreclosure, I'm behind two months. I have a contract for sale.

How come Edward's was never asked about his subprime foreclosures of Katrina Victims?

Foreclosure??

Is it best to do a deed in leiu of foreclosure with the lenders on a preforeclosure mortgage ?

Foreclosures?