Dramatic Rise in Foreclosures Seen to Help Real-Estate Investors Profit Significantly
Firm releases a report stating that 2.2 million new home foreclosures were filed in 2007. This will allow great opportunities for investors to prosper.
Conroe, TX, March 25, 2008 --(PR.com)-- There has been a sharp increase in the number of foreclosed listings recently. This drastic rise is no anomaly, either. A firm that tracks home foreclosures just released a report showing that the number of home foreclosures went up by 75 percent in 2007.
The best states to find foreclosure investments at the moment are Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, Nevada and Ohio, according to Foreclosures on Net, California is a particularly fruitful source of foreclosure listings, with 481,392 filings on 249,513 properties in 2007.
The firm that released the report, RealtyTrac, stated that 2.2 million new home foreclosures were filed in 2007. While this is problematic for the people who lost their homes after being unable to make their increasing mortgage payments, the large number of foreclosure listings presents welcome opportunities for investors. Many first time buyers are also able to purchase low-cost properties as a result of repossessed homes and foreclosure auctions.
Tens of thousands of dollars can be saved on the purchase of a home by investing in either a foreclosed, or pre-foreclosed property. When trying to purchase a home, especially for the first time, it is important for potential buyers to get the most "bang for the buck". This requires special knowledge and guidance.
As there are huge profit margins in foreclosures properties can be purchased anywhere from 20 – 40% under market value. This makes foreclosures so attractive, since the property can be sold to a buyer under market value and a substantial profit made.
At the time of this writing, interest rates are among the lowest they have ever been since the 1960’s allowing many individuals to qualify for a loan. This is great for investors, because buyers looking for good deals can be easily found.
The newly launched Basic Foreclosure Information blog provides important and strategic information to potential investors. In particular it covers the most essential elements that must not be overlooked when purchasing foreclosed property including: Loan and mortgage documents; Loan amount, monthly payment, and interest rate; Any outstanding taxes; Existing insurance policies; Any other liens or judgments.
To learn more, please visit the the website: http://basicforeclosureinformation.blogspot.com/
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The best states to find foreclosure investments at the moment are Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, Nevada and Ohio, according to Foreclosures on Net, California is a particularly fruitful source of foreclosure listings, with 481,392 filings on 249,513 properties in 2007.
The firm that released the report, RealtyTrac, stated that 2.2 million new home foreclosures were filed in 2007. While this is problematic for the people who lost their homes after being unable to make their increasing mortgage payments, the large number of foreclosure listings presents welcome opportunities for investors. Many first time buyers are also able to purchase low-cost properties as a result of repossessed homes and foreclosure auctions.
Tens of thousands of dollars can be saved on the purchase of a home by investing in either a foreclosed, or pre-foreclosed property. When trying to purchase a home, especially for the first time, it is important for potential buyers to get the most "bang for the buck". This requires special knowledge and guidance.
As there are huge profit margins in foreclosures properties can be purchased anywhere from 20 – 40% under market value. This makes foreclosures so attractive, since the property can be sold to a buyer under market value and a substantial profit made.
At the time of this writing, interest rates are among the lowest they have ever been since the 1960’s allowing many individuals to qualify for a loan. This is great for investors, because buyers looking for good deals can be easily found.
The newly launched Basic Foreclosure Information blog provides important and strategic information to potential investors. In particular it covers the most essential elements that must not be overlooked when purchasing foreclosed property including: Loan and mortgage documents; Loan amount, monthly payment, and interest rate; Any outstanding taxes; Existing insurance policies; Any other liens or judgments.
To learn more, please visit the the website: http://basicforeclosureinformation.blogspot.com/
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Donald Stewart
936-446-2365
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