It’s a market serious investors might just steer clear of altogether. After all, the concept of investing in a foreclosed property has all the markings of a good deal. But this risky market is also fraught with companies that promise, but don’t always provide, reliable data or truly good deals.
Alexis McGee, president of Foreclosures.com, is the first to admit the market has been perceived as a risky investment opportunity. But she thinks her 19-year-old company has found the right balance of support, upfront sales information and detailed listings that allow property investors to get into the market without trepidation.
McGee said Foreclosures.com found success by making clear what is legal and what is ethical when it comes to foreclosure investing.
“We don’t promise any get-rich-quick scheme,” she said. “There’s no hype to foreclosure investing.”
“There has been a tremendous growth of real estate lists and training businesses that don’t care about the quality of their services,” she said. “We’ve received many complaints from our clients about