Foreclosure Investing
Staggering Cost of Foreclosed Homes to Investors
Monday, March 23rd, 2009Each one of the millions of foreclosed homes across the country since the start of the subprime credit crisis costs investors a total of $151,000, according to a study done by the Congressional Joint Economic Committee. The investors referred to in the study are the homeowners, mortgage lenders, local governments and neighborhoods.
Housing Starts Down Due to Foreclosures
Thursday, January 22nd, 2009In 2008, banks, financial institutions and other mortgage lenders made over 860,000 foreclosures. According to RealtyTrac, which collects and compiles foreclosure data from more than 2,200 counties in the United States, over 3 million notices were received by homeowners which sets the motion for the foreclosures process.
Americans Invest in Foreclosures in 2008; 2009 Prospects not Good but Better
Wednesday, January 7th, 2009Economic conditions in 2008 spelled bad news for Americans. The housing sector was very much affected, experiencing erratic mortgage rates and a pronounced increase in foreclosures. However, there were those who were wise enough to take advantage of the situation.
The Real Deal with Foreclosures
Friday, December 5th, 2008Looking for a sweet deal in foreclosures? Real estate experts share these valuable tips to help the would-be buyer.
Do an ocular inspection
Some foreclosed homes may just need a bit of sprucing up like a good paint job or wall patches, while some may be in dire need of costly repair. To be assured that a [...]
Foreclosure Investing: What You Need to Know About These Distressed Homes
Wednesday, October 1st, 2008The millions of foreclosed homes scattered nationwide might mean bad news for some people. But for a select few, they mean golden investment opportunities. It has been an open secret in real estate investing that foreclosure homes will provide buyers with better return potential because of their relatively cheaper asking prices. If you are looking for homes to flip, these repossessed houses are just perfect for you.
Foreclosure Investing for Beginners
Thursday, September 18th, 2008With the market about to hit rock bottom, numerous buyers and investors are shifting their attention to these foreclosure properties.
Are You Ready to Invest in Foreclosures?
Tuesday, September 9th, 2008Although foreclosure investing has always been around, the market conditions have never been as good for buyers as what they are now. According to RealtyTrac, the second quarter of the current year showed a 121 percent increase in the number of foreclosures compared to last year. With the thousands of foreclosures for sale in the market, it is not surprising that many buyers are getting tempted into investing.
Foreclosures: Buying Low and Selling High
Thursday, July 31st, 2008Foreclosure investing has become even more popular, thanks to the enduring crisis in the housing market. Although opportunities abound in this business, being successful is not really as easy as it may look. You should know that the key is being able to find foreclosure homes being offered at very low prices and after repairs and renovations, can still be sold for a considerable profit.
Slow Market, High Hopes
Wednesday, July 23rd, 2008Pennsylvania has seen a slow real estate market for quite some time now. Larry Mellott, a builder in York County compares the market with the 1960 British invasion of Fab Four mopheads, when barbers lost business because people wanted to keep long hair. Few of them who were innovative and smart could still retain their business became “hair stylists” and charged more for their services. Similarly, this is the time for the builders to show innovation and do things differently for example building smaller homes. The National Association of home builders reports that there has been a huge decline in builder’s confidence. The sale of new homes has declined from 3 to 58 from January to June. Much of this can be attributed to increasing number of Pennsylvania foreclosure homes. Due to foreclosure homes in Pennsylvania, very few new homes are being built.
Foreclosure Investing Facts
Tuesday, June 24th, 2008Considering the many problems that the housing sector is facing right now, it is certainly surprising that there is a sliver of hope available for buyers and investors alike.