Welcome to a new episode of Get Creative! In this episode, real estate expert Pace Morby dives into the distinctions and overlaps between expired listings and preforeclosures. Whether you're new to real estate investing or looking to sharpen your understanding, Pace provides detailed insights, tools, and strategies to effectively approach these two crucial aspects of the real estate market.

Highlights:

"Expired listings are agent failed opportunities."

"Preforeclosures provide a huge opportunity if approached correctly."

"Always remember, the bank never owns the house; the bank only owns the loan."

"The real estate agent gets fired, and we step in to offer a solution."

Timestamps:

0:00 - Expired Listings vs. Pre Foreclosures: Introduction and Definition

0:53 - Understanding Listing Agreements and Expired Listings

4:51 - Strategies for Acquiring Expired Listings

6:05 - Motivation and Opportunities in Expired Listings

7:09 - Differences Between Expired Listings and Pre Foreclosures

8:01 - Sources for Pre Foreclosure Information

12:39 - The Foreclosure Process and REOs

18:30 - Strategies for Working with Pre Foreclosures

22:43 - Conclusion and Final Tips

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