Step-by-Step Foreclosure Investing Guide

Welcome to the world of foreclosure property investing. It's a fast-paced, exciting environment with great potential for profit. As a prospective investor, there are some "Rules of the Road" that will help you through the process as well as protect your investment. Be sure to read the information and follow the steps in this guide carefully before you invest.

Step 1: Select a property to purchase.

Be sure to check our property listings regularly, as they change daily. If you see something you like, act immediately and begin the buying process by going to Step 2.

Step 2: Do the Due Diligence.

All properties are sold "as is," which means there are no warranties or representations made. Therefore, we recommend you:

a) Review the title with your title company, checking the following:

• BACK TAXES. THEY ARE THE BUYER'S RESPONSIBILITY. Most County Treasurers have a website and a phone call-in system.
  

  State	County Treasurer Link
  AZ	Maricopa County http://treasurer.maricopa.gov/
  AZ	Pima County http://www.to.pima.gov/
  AZ	Pinal County http://www.co.pinal.az.us/treasurer/
  ID	Ada County http://www.adacountyassessor.org/propsys/
  ID	Canyon County http://www.canyoncounty.org/treas/index.php
  OR	Clackamas County http://www.co.clackamas.or.us/at/
  OR	Multnomah County http://www.co.multnomah.or.us/dbcs/assess_tax/
  OR	Washington County http://www.co.washington.or.us/deptmts/at/atmain.htm
  TX	Dallas County http://www.dallascounty.org/department/treasurer/treasurer_index.html
  UT	Salt Lake County http://treasurer.slco.org/
  UT	Utah County http://www.co.utah.ut.us/Dept/Treas/index.asp
  WA	Clark County http://www.co.clark.wa.us/treasurer/property/index.html

• All Schedule B items on PTR (Preliminary Title Report), if available.
• Undisclosed bankruptcies.
• IRS and State Department of Revenue liens. The IRS has 120 days to act before their lien is considered released. (These are different from Back Taxes.)
• Homeowner Association and Mechanic liens. The County Recorder also has a web site where recorded documents might be available.
  

  State	County Recorder Link
  AZ	Maricopa County http://recorder.maricopa.gov/
  AZ	Pima County http://www.recorder.co.pima.az.us/
  AZ	Pinal County http://www.co.pinal.az.us/Recorder/
  OR	Clackamas County http://www.co.clackamas.or.us/clerk/
  OR	Multnomah County http://www.co.multnomah.or.us/dbcs/assess_tax/recording.shtml
  OR	Washington County http://www.co.washington.or.us/deptmts/at/recordng/record.htm
  TX	Dallas County http://www.realestate.countyclerk.dallascounty.org/search.aspx?cabinet=opr
  UT	Salt Lake County http://www.ci.slc.ut.us/recorder/
  UT	Utah County http://www.co.utah.ut.us/Dept/Record/index.asp
  WA	Clark County http://www.co.clark.wa.us/assessor/documents.html

• Homeowner Association assessments (current and delinquent) and transfer fees are the buyer's responsibility.
• Title insurance. If you are interested in title insurance, we can help you to obtain this through a title company in a timely manner. This will be an additional Buyer's cost.

b) Review the Physical Structure

Most of the properties listed are in some state of disrepair and/or neglect.

• Inspect the exterior.
• Inspect the interior if unoccupied. (We cannot provide access to occupied homes or details of the property.)
• Assess the risk of eviction, potential occupant damage or delays in possession.

There are several services available to help assess the property's value,
such as a licensed real estate agent.

c) Determine Occupancy Status

Contact your F4I sales representative to determine the state of the eviction process. If you are not familiar with the eviction process, we can refer an eviction attorney to you or in some states, we offer to manage this service for a small fee. Ask your Foreclosure Expert for details.

Step 3. Access Vacant Properties

NOTE: ACCESS TO ALL PROPERTIES IS AT YOUR OWN RISK.

Obtain Vacant Property Master Key

A master key to access vacant properties is available for a $2 fee. You will also be asked to sign a waiver to obtain the key. Accessing occupied properties is very risky and we strongly discourage it.

Master keys are only available on properties F4I has owned for at least 24 hours. Please check listings on this website OR contact your Foreclosure Expert for details if you are unsure.

Step 4. Review the Terms of Sale

• Properties are sold on a first-come, first-served basis.
• We offer two ways to purchase our properties:
  • Cash Purchase - Bring in a Cashier's Check for the full amount for the property you wish to purchase. We will draft a Special Warranty Deed to transfer the property to you or your company.
  • Quick Lender Financing - Financing offered with as little as 15% down, allows you to hold title to the property, AND provides you with a Note and Deed of Trust. You may contact your local Foreclosure Expert for more information.
  • You must be able to take ownership of the property immediately.
• The standard closing period to purchase a property is the same day or within a day of your down payment.
• Offers for less than list price are considered only for properties that are on the website for more than two weeks.