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Real Estate Foreclosure Article
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Is Foreclosure Real Estate A Good Investment?
from:With the glut of foreclosure real estate in some areas which used to be prime markets, now my be the time to buy a house. However, is it time to buy more than one house? Whether you consider foreclosure real estate to be a good investment depends on whether you are willing to put up with some uncertain risk in the home and the market. It's true that foreclosure real estate can be purchased at a discount, but the risks getting in on a property after foreclosure can easily offset that savings. However, if you are handy fixing things up, or have a knowledgeable team of experts who can help you close a deal that will make you a profit, then it can be a good time for you to invest in foreclosures.
The Risks
As stated earlier, foreclosure real estate comes with its own set of special risks. When homeowners lose their homes, they often don't do it graciously. They may become so upset with the loss that they take extra pains to make the home uninhabitable. They might rip up the carpet or hardwood flooring, steal the appliances, or generally leave the house in filthy condition. Since most foreclosures do not allow an inspection of the inside the home, it's anyone's guess what you might be facing when you finally open the door to your new foreclosure real estate home. If the borrowers left it in good condition, there's still also the chance that vandals or squatters might have gotten to it during the time the old occupants left and you bought the foreclosure real estate at auction. Some homes are now being stripped by vandals of copper piping, which they get to by ripping out the electrical system first. This can add tens of thousands of dollars to the repair of the home.
The Rewards
Believe it or not, this is not enough enough to dissuade serious foreclosure investors. They typically are buying multiple homes and have a team of experts to help them navigate the problems. They may contract electricians and plumbers, as well as, lawyers for title and liens searching. Homes that foreclosure real estate investors buy may be had for huge savings, enough to make it profitable for them to replace the interior of the home, if necessary. While this is not ideal for the average homeowner, for knowledgeable investors, foreclosure real estate can be a great way to grab a home at a severe discount, fix it up, and flip it for many thousands of dollars more than it cost to fix it up.
Real Estate Foreclosure Specific links
Real Estate Foreclosure News
REAL ESTATE: Inland Empire tops dubious foreclosure list - Press-Enterprise
 Bloomberg | REAL ESTATE: Inland Empire tops dubious foreclosure list Press-Enterprise ... director of the Riverside office of MetroStudy, a real estate consulting firm. “A lot of inventory will be coming back into the foreclosure process,” Johnson said. “These institutions are doing a massive reassessing of their past foreclosures, ... Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages St. Louis metro foreclosures 28 percent higher in 2012 New Signs of Life in Inland Empire Housing Market |
Real Estate| Property prices rise, sales drop in April in Myrtle Beach area - MyrtleBeachOnline.com
Real Estate| Property prices rise, sales drop in April in Myrtle Beach area MyrtleBeachOnline.com Statewide, real estate sales dropped 1.3 percent, to 4181 homes, condos and villas sold, in April compared to the same month last year, according to SCR. Foreclosure filings in Horry County rose in April compared to the same month last year as prices ... |
Foreclosures fall again, for now, survey finds - Newsday
 CBS News | Foreclosures fall again, for now, survey finds Newsday Real Estate Newsday > Classifieds > Real Estate Print Aa Foreclosures fall again, for now, survey finds Published: May 17, 2012 9:36 AM By THE ASSOCIATED PRESS LOS ANGELES -- National foreclosure trends took a positive turn in April, as the number of ... Foreclosures Fall...And That's a Bad Thing? Foreclosure Filings Plummet to Lowest Since June 2011 Report: Fewer US homes foreclosed upon in April |
Investors buy $180M 1 day in area commercial real estate - AZ Central.com
Investors buy $180M 1 day in area commercial real estate AZ Central.com It paid nearly $132 million for the buildings located on nearly 100 acres, according to the commercial real-estate foreclosure research and data firm Vizzda. The second-biggest deal on May 11 was the $41 million sale of the Scottsdale Gateway ... |
Real estate at the lake on the upswing - Lakenewsonline.com
 Inman.com | Real estate at the lake on the upswing Lakenewsonline.com ... as reasons for hope that the real estate market is on the upswing. “It is a buyers market, but sometimes buyers are hurting themselves,” Jacobs explained. A young man came to her recently interested in buying a foreclosure in a certain price range, ... New Jersey Realtors attend rally to protect the American dream Realtors Heading to Washington, D.C. Rally |