Released on: March 26, 2008, 4:02 am

Press Release Author: Mark Maupin

Industry: Real Estate

Press Release Summary: 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.

Press Release Body: 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
This Press Release has been submitted by PREasy.com



Web Site: http://www.jeffsworkshop.com/

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