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Take Note of Liens Before You Purchase Foreclosed Homes

Date: 01/12/2011 / Category: none , Current Grade ?

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Real estate agents cannot really be expected to be open about the issue of liens on a property and most information available online are hardly enlightening. While it is true that most liens are taken cared of even before you purchase foreclosed homes, mostly during the foreclosure stage, some of them remain to be carried on by the subsequent buyer. It is for this reason that it becomes important for you to find out whether the property you are about to purchase has any lien attached to it or not. If you are not careful, your purchase and investment can... continue reading >>

Prices of VA Foreclosure Homes Expected to Drop Further in 2011

Date: 01/12/2011 / Category: none , Current Grade ?

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Prices of residences, including foreclosed houses like VA foreclosure homes, are projected to drop lower in the 2011 period. According to forecast data released by Clear Capital, national housing unit prices will drop by 3.7% in 2011 compared with the previous year. However, the expected drop remains lower than the 4.1% year-by-year drop recorded in the previous year.

Meanwhile, Cleveland foreclosure homes, OH and other residential properties in the metro region are also expected to record lower prices in 2011 as unemployment rates remain high in the whole country and REO properties continue to dominate the housing market. One thing... continue reading >>

Foreclosure Real Estate Investments and Home Buying Pick Up in NC

Date: 01/11/2011 / Category: none , Current Grade A

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Home buyers and people involved in foreclosure real estate investments contributed to the increase in the number of housing unit sales in some areas of North Carolina in December 2010. Compared with the same 2009 month, sales figures for certain areas of the state rose, with some recording an increase of over 20%.

Sales of newly built and existing houses, including Greensboro foreclosures, rose in the state for the month. In Charlotte, the rise for December was 23.4% compared with the same 2009 period. A total of 1,885 housing units were purchased in the area during the month compared with... continue reading >>

Texas Residents Opt to Rent Rather than Buy Bank Owned REO Homes

Date: 01/10/2011 / Category: none , Current Grade ?

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Although there are thousands of cheap residential properties in Texas, including very low-priced bank owned REO homes, majority of local communities in the state are seeing escalating numbers of apartment renters rather than home purchasers. In North Texas in particular, demand for apartment housing increased in 2010 compared with previous periods.

With Houston bank owned foreclosures and distressed properties in various areas of the state being offered at prices that are way below their actual values, most people expected homeownership to thrive in the area. However, majority of local residents and people who have recently moved to the state prefer... continue reading >>

Gilbert Did Not Buy Cheap Land According to Real Estate Experts

Date: 01/10/2011 / Category: none , Current Grade A

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Residents and real estate observers have criticized the city of Gilbert, Arizona, asserting that it did not buy cheap land as it should in relation to its farmland purchase in February 2009. A recent independent appraisal confirms experts' claims that the city overpaid when it acquired undeveloped land two years ago.

According to real property experts, with Gilbert bank foreclosures in high numbers, the land should have been cheaper. City officials were criticized by residents and real estate market observers for paying $300,000 for every acre of the farmland in a purchase that did not make use of appraisal services.... continue reading >>

Interested To Buy Home Foreclosures? Learn The Secrets!

Date: 01/07/2011 / Category: none , Current Grade ?

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Although it is true that the housing and mortgage crisis are affecting a large part of the population, it is also equally true that these crises have spawned a new generation of real estate buyers who are keen to spot a financial opportunity when they see one. These investors know the growing inventory of foreclosure properties lead to further reduction if their prices which is definitely an advantage to people who want to buy home foreclosures.

But an opportunity is only an opportunity unless you know how to weave it to create a successful venture for you. In foreclosure investing,... continue reading >>

Repossessed Home Listing Gaining Ground Among Buyers

Date: 01/07/2011 / Category: none , Current Grade ?

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Housing data for November 2010 showed an increase in the number of signed purchase contracts, marking the fourth month in a five-month period that housing sales have risen in the U.S. Economists report that majority of the contracts involved foreclosed dwellings and properties in repossessed home listing.

Economists expect the first two to three months of 2011 to record increased residential property sales as buyers take advantage of the low prices of properties offered at foreclosure home auctions. They also predict that sales will improve modestly in 2011 as more jobs are created and prices of housing units become more... continue reading >>

Problem of Distressed Homes for Sale Spills Over Church Buildings

Date: 01/06/2011 / Category: none , Current Grade ?

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An increasing number of church buildings are joining distressed homes for sale in the list of properties suffering from the foreclosure crisis in Georgia. Recently, a 150-year-old church building in DeKalb County was shutdown due to foreclosure. The Flat Rock Community Church is not the first religious structure to fall into distress in the state.

As the number of foreclosed Covington home auctions and distressed properties all around the state increases, non-residential properties get dragged into the real estate crisis and churches are not immune. The building, which is home to a largely African American congregation, is reportedly facing financial... continue reading >>

Springfield Top in Home and Commercial Property Foreclosure Listings

Date: 01/06/2011 / Category: none , Current Grade ?

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Residential and commercial property foreclosure listings continue to rise in Springfield, Massachusetts in the last quarter of 2010. The city recorded the biggest foreclosure deeds-related filings total in the whole state for the January-November period. The area had a total of 575 filings for the 11 months.

Foreclosure lists in Springfield increased for the year, with the number of deeds rising by 23.92% compared with the same 2009 period. During January-November 2009, the number of deeds filed in Springfield totaled 464, according to data presented by the Warren Group. Foreclosure deeds are part of the last stage of the foreclosing... continue reading >>

The Truth About Bank Owned Properties

Date: 01/05/2011 / Category: none , Current Grade A

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Foreclosures have absolutely captured the attention and interest of many people that the housing market has been replete with news and information about foreclosed properties. As a result, a growing number of people – buyers and investors alike – have become interested in foreclosure investing, particularly bank owned properties. However, it is essential that you understand what these properties are so that you can invest in them with acute awareness of what they could bring to you.

Why They Are Underpriced

Perhaps it has already occurred to you why distressed properties are valued at less than their market prices. The... continue reading >>

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