foreclosed homes, loss mitigation specialists There is a significant investment opportunity out there for people who want to build their real estate portfolios right now by buying foreclosed homes or short sales. Some housing markets have lots REO's and short sales to choose from, and if you are in a financial position to start buying homes, it would be a good idea to contact loss mitigation specialists who can show you what is in their portfolio. You might be able to pick up some great properties for future investment gain. The loss mitigation specialists and Realtors who are trained in short sales and foreclosed homes are the best to work with because they have been educated in the process. When you buy the short sale homes, you will have to work closely with the bank or lender in putting the deal(s) together.

Since you will end up in that department anyway, it just helps to shorten the process and start there. There are reports that multiple offers are being made on foreclosed homes, and that's a very good sign. The sooner the bulk of these homes get sold, the better. If you can swing it financially, looking at the residential real estate market could prove lucrative down the road.