My Comments

• Finding and Working Foreclosures - 04/13/2007
  How much money you make on a foreclosure really depends. Who owns the house, a bank, mortgage company, the city. Each one of these have a different bent on what they'll let the home go for, mortgage co. with a home that $80k is still owed on it will let that house sit till they collect that $80, or slightly less. A city, not wanting to be burdened by a house, will let it go substantially cheaper. On average, investors can make anywhere from $15k to $45k. It also depends on how much you plan on remodeling, your own expenses. But it is a very lucrative effort. You have to be committed. But every second invested will reward. Thanks for the great question!
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