Treasure Hunting-Hidden Foreclosure Gems

Any investor following the real estate market in the past six months or so can tell you that the opportunities available for those interested in foreclosure investment have grown exponentially. Foreclosures are available in every size and shape at almost any imaginable price point. While existing single family homes, condominiums, town homes, and multi-family complexes remain popular foreclosure investments, there is another lucrative foreclosure area perking the interest of those involved in buying foreclosures – newly built homes and construction loans on recently completed but not occupied homes.

A record number of newly built homes and construction loans… Continue reading

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People loose their homes through foreclosures on a daily basis. It is no hype. Foreclosures are at a record high and regrettably in lean economic times such as these, foreclosures are quickly becoming more common place. It however does not have to be that way. Foreclosure can often times be avoided if the homeowner is willing to put forth a little effort to deal with the situation. If you find yourself unable to make your mortgage payment, you should:

1. Address the problem.

If you find yourself missing a… Continue reading

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The benefits of buying foreclosed homes are about to get even better thanks to the $15 billion Foreclosure Prevention Act of 2008.

Homebuyers and investors can soon take advantage of a $7,000 one-year tax credit with the purchase of foreclosure properties if the legislation is passed.

That’s a huge savings on top of already discounted real estate. In fact, foreclosed homes for sale on Foreclosure.com are often listed between 30 to 50 percent less than market value.

And we showcase more than 1.2 million distressed real estate listings throughout the nation, meaning that there is something of interest for everyone on Foreclosure.com.

So get the jump on other eager buyers and… Continue reading

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Almost every news report these days is talking about the dire state of the real estate market. Foreclosures have increased dramatically – up 93% from last year. Lenders are faced with massive write off amounts and new construction has slowed as inventory levels of existing homes surged upward. No doubt a grim picture for most groups involved in real estate, but definitely not all. For a few groups such as real estate investors, this downturn in the real estate market and subsequent rise in foreclosures provides an increase in investment opportunities. In fact, many savvy investors worried about volatile stock… Continue reading

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In this chapter, we will discuss For-Sale-By-Owner or FSBO (An individual homeowner who is attempting to sell his property without a real estate broker. The acronym, FSBO is pronounced “fizzbo”.) properties. With an For Sale By Owner (FSBO) property, the seller acts as the selling agent and handles the sales process directly with the buyer or buyer’s agent. In this situation, the seller does not pay a listing commission. We have included For Sale By Owner (FSBO) listings on our website because they offer an opportunity to save on the purchase price of a home. The specific reasons why are discussed below.

Free Search 1000’s of Bargain Homes!

The For Sale By Owner (FSBO) market accounts for approximately 10 - 15% of the… Continue reading

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What is a Short Sale?
A short sale refers to a transaction when a buyer can purchase a home for less than the remaining loan amount. The advantage is the buyer can save a significant amount on the purchase price, as long as the buyer is willing to take part in a more complicated transaction. The transaction is more complicated because it requires both the lender and the home owner to agree to the purchase price, as opposed to a “normal” sale when the homeowner can make that decision on their own. This is because the lender will receive less money… Continue reading

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