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Podcast: Get Rich Education
Episode: How To Find Deals At Property Foreclosure Auctions
Description: Learn mistakes to avoid and how to buy a distressed property at a discount at a foreclosure auction. First, the average borrower now has $194K in home equity due to high recent home price appreciation. Only 3% have a negative equity position. Freddie Mac shows home prices up 9.7% year-over-year. First American's Real House Price Index accounts for home prices, interest rates, inflation, and affordability. The surprise? Real prices are down 26.8% since January 2000.  Today's guest, Colin Murphy, is an acknowledged expert in buying properties at foreclosure auctions. He reveals how it works in so...