Posts Tagged ‘bank foreclosures’

Guide To Buying A Foreclosure

In: Home & Family

21 Jun 2009

There is no question – now is the time to buy a house. Foreclosures are at an all-time high and their presence in the many markets creates a feeding frenzy every time a new one comes up for sale. These homes are listed in every section of the market and are often in very good shape structurally; some only need light cosmetics (think paint and carpet). Like anything in life, it pays to be prepared. Here are some tips to make your experience as profitable as possible.

A Penny Saved On A Foreclosure. . . Is A Lot Of Pennies Earned

In: Home & Family

18 Jun 2009

Call it a sign of the times: every day, thousands of homes are being repossessed by banks and sold to the highest bidder. Some of them are real junkers but many of these foreclosure homes are in excellent condition and are priced WAY below market value. With a little patience and the right help – and the guidelines below – you could be well on your way to homeownership for a lot less than you could have imagined a few years ago.

Foreclosed Homes Auctions Attract Outside Buyers

In: Finance

21 May 2009

Detroit foreclosed homes auctions are a big hit with outside buyers. There are plenty of homes, and about 1800 of them are being sold for under $10,000. These homes were at once over 100 times what they are being sold at. This is one reason why investors from as far as Australia and the United Kingdom are rushing to Detroit.

Foreclosed Homes Auctions Attract Buyers

In: Finance

17 May 2009

Detroit foreclosed homes auctions are a big hit with outside buyers. There are plenty of homes, and about 1800 of them are being sold for under $10,000. These homes were at once over 100 times what they are being sold at. This is one reason why investors from as far as Australia and the United Kingdom are rushing to Detroit.

Government Auctions – Difference between Preforeclosures and Foreclosures

In: Finance

16 May 2009

Most people in the US are aware of the current real estate crisis and the unsettling fact that many people are losing their homes to foreclosure. Before a home is in the process of becoming foreclosed, it is in the pre-foreclosure stage. The pre-foreclosure period can last anywhere from a few weeks to a few months, and is considered by many real estate investors as the absolute best time in which to negotiate the purchase of a home.

Pre-foreclosures – Why Real Estate Gurus Prefer Them

In: Finance

13 May 2009

It’s unfortunate but foreclosed homes currently represent half of all of all the homes sold in the US. Before the bank forces foreclosure there is in a period called pre-foreclosure which can last anywhere from two to twelve weeks. Many of the real estate gurus have made a fortune on pre-foreclosures and consider it as one of the best, if not the best, way to invest in real estate.

Pre-foreclosures – Steps on How to Find the Best Locations

In: Business

5 Mar 2009

In this current real estate crisis, many people are loosing their homes either because they can’t make the payments or are walking away because their house is worth less then the amount owed. It was reported by CNBC on July 24 that foreclosures now represent half of all the homes sold in the US. Although this is downright scary to a highly leveraged homeowner or speculator this is also an opportunity of a lifetime for anyone looking to buy real estate at these depressed prices.


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