One of the fundamental steps in profiting from a foreclosed property is, of course, selecting the property in the first place. That much is obvious. What isn't so clear however, are the factors involved in making a good decision. With that in mind, this edition of ForeclosuresMass Monthly tackles the topic of finding an appropriate property for investment.

We begin with an information-packed article from Kris Sawyer, president and founder of Redlands Construction Inc, a residential remodeling company. In her article, "5 Must Haves in Screening and Hiring a General Contractor," Kris takes explains the essentials of working with this key member of your property acquisition and improvement team.

Next, we hear from David Camiel, partner in the law firm of Gilmartin, Magence, Camiel and Ross LLP. David's been professionally involved in real estate since 1994 - both as an attorney and a mortgage banker - and he pulls no punches in detailing the legal landmines that are often associated with the purchase of a pre-foreclosure property. David's article is a must-read article for any investor.

In our "Interview with the Expert," you'll hear from veteran home inspector, Flemming Lund, president of Apex Home Inspection, as he candidly answers our questions about how best to find and work with a home inspector. We think you'll find his thoughts regarding investments in older homes - a common scenario here in New England - of particular interest!

This Article is an excerpt from the 16 Page Print Edition!

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