Foreclosures Grow by More Than 40% in One Year According to Thomas Tom Tsilionis
In a recent article by Thomas Tsilionis / Tom Tsilionis the Real Estate Investors react to new study showing historic rates of foreclosure. New study shows that repossession rates on real estate have risen 42% over last year, and experts at the TSI Group (owned and operated by Thomas Tsilionis) suggest that this can be good news financially for both investors and homebuyers.
New York, NY, April 03, 2009 --(PR.com)-- The TSI Group and Thomas Tsilionis has released its February 2009 U.S. Foreclosure Market Report, revealing that 115,568 real estate properties across the country were in foreclosure during February. This represents an increase of 42% over the same time last year and rise of 3% over foreclosure rates in January.
Tom Tsilionis, a Foreclosure Real Estate Author, Public Speaker and Trainer, has responded to current foreclosure trends by reorganizing and hiring new staff to deal with increased demand expected. Thomas Tsilionis predicts that more customers will flock to the repossessed property market to take advantage of the deals available. "This may be the best time to buy any sort of distressed home," says a TSI Group representative. "More foreclosures mean that more people are looking for affordable properties and it also means great selection and prices on repossessed homes", say TSI Group staff.
"In the past, distressed homes sold for market price or near-market prices, but with more properties in the market, real bargains are available again," notes TSI Group. Investors, especially, can take advantage of the robust new market. Prices are low, meaning more equity on closing and so a larger profit margin. Additionally, more foreclosures give investors new options in real estate. Sellers may be more willing to work with investors and more willing to sell options as well as actual real estate. This can mean more flexible projects for investors.
Homebuyers, especially first-time homebuyers will also benefit from the news, say the representatives at the TSI Group. Homebuyers can enjoy a larger selection. "Homes on the market now range from small single-family residences all the way to mansions, in virtually every community. Even new homes and condos are available," says Thomas Tsilionis. With prices at 5%, 10%, even %60+ off market value, these homes offer great value for the cash-strapped buyer.
About TSI Group and Thomas Tsilionis/Tom Tsilionis:
Thomas Tsilionis is the President and CEO of the TSI Group which owns and operates properties nationwide. The TSI Group currently has over 1,000 independent investors and manages and owns properties in Florida, Arizona and Nevada. Thomas Tsilionis has written many books about Foreclosure Investing and the his recent book 'The Foreclosure Survival Answer Book' is available in stores and amazon.com on April 1, 2009. Thomas is a member of the Association of Commercial Real Estate Professionals (ACREPRO) and has been a Keynote speaker for many REI conferences.
Media Contact:
TSI GROUP USA
244 5th Avenue, East
Suite 1138
New York, NY 11011
###
Tom Tsilionis, a Foreclosure Real Estate Author, Public Speaker and Trainer, has responded to current foreclosure trends by reorganizing and hiring new staff to deal with increased demand expected. Thomas Tsilionis predicts that more customers will flock to the repossessed property market to take advantage of the deals available. "This may be the best time to buy any sort of distressed home," says a TSI Group representative. "More foreclosures mean that more people are looking for affordable properties and it also means great selection and prices on repossessed homes", say TSI Group staff.
"In the past, distressed homes sold for market price or near-market prices, but with more properties in the market, real bargains are available again," notes TSI Group. Investors, especially, can take advantage of the robust new market. Prices are low, meaning more equity on closing and so a larger profit margin. Additionally, more foreclosures give investors new options in real estate. Sellers may be more willing to work with investors and more willing to sell options as well as actual real estate. This can mean more flexible projects for investors.
Homebuyers, especially first-time homebuyers will also benefit from the news, say the representatives at the TSI Group. Homebuyers can enjoy a larger selection. "Homes on the market now range from small single-family residences all the way to mansions, in virtually every community. Even new homes and condos are available," says Thomas Tsilionis. With prices at 5%, 10%, even %60+ off market value, these homes offer great value for the cash-strapped buyer.
About TSI Group and Thomas Tsilionis/Tom Tsilionis:
Thomas Tsilionis is the President and CEO of the TSI Group which owns and operates properties nationwide. The TSI Group currently has over 1,000 independent investors and manages and owns properties in Florida, Arizona and Nevada. Thomas Tsilionis has written many books about Foreclosure Investing and the his recent book 'The Foreclosure Survival Answer Book' is available in stores and amazon.com on April 1, 2009. Thomas is a member of the Association of Commercial Real Estate Professionals (ACREPRO) and has been a Keynote speaker for many REI conferences.
Media Contact:
TSI GROUP USA
244 5th Avenue, East
Suite 1138
New York, NY 11011
###
Contact
Tom Tsilionis, Thomas Tsilionis, Writer Speaker & Trainer
Tom Tsilionis, Thomas Tsilionis
862-262-2886
http://www.tsilionis.com
Thomas Tsilionis is the President and CEO of the TSI Group which owns and operates properties nationwide. The TSI Group currently has over 1,000 independent investors and manages and owns properties in 8 US markets.
Tom Tsilionis, Thomas Tsilionis
862-262-2886
http://www.tsilionis.com
Thomas Tsilionis is the President and CEO of the TSI Group which owns and operates properties nationwide. The TSI Group currently has over 1,000 independent investors and manages and owns properties in 8 US markets.
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