(EMAILWIRE.COM, March 25, 2008 ) Golden, CO. – Due to today’s real estate market, pre-foreclosure investment is in high demand. Pre-foreclosure investment can be very lucrative however there is some risk involved. It is important that investors know how to research the property they are going to purchase. In many cases people have bought a property that looked like a good deal on the surface only to discover it was a money trap.

There are laws and rules established to protect investors and allow them to know what it is they are getting themselves into prior to making a purchase. Buyers are entitled to seller disclosures that should list all pertinent information the property. In addition, investors can conduct various safety and health tests on the property. The following is basic research that should be done prior to making a purchase.
• A Property Disclosure Statement includes material facts, deaths on the property and recent repairs. Property Disclosure Statements are required by law in most states (in California it is required by Civil Code and is called a Transfer Disclosure Statement).
• e HUD-1 is a settlement statement showing line item charges. The HUD-1 was created in an effort to simplify the disclosure of closing costs and it does so line by line so that the parties to the transaction are aware of all charges.
• The Preliminary Title Report or Title Commitment should contain any information regarding easements or plans for any sort of construction on the property such as a backyard pool, fence and various other additions.
• The covenants, conditions and restrictions (CC&Rs) are a matter of public record and affect the way the property can be used.
• The lead-based paint disclosure gives the buyer 10 days to inspect for lead-based paint unless both parties agree to waive this right. There is a Lead-based paint was banned in 1978; however, even though a property was built after 1978 does not mean that it is lead-free.
Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. Check out his workshops- Jeff is doing them all over the country http://www.jeffsworkshop.com/
Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com

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Mark Maupin
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