What To Look For In Foreclosures

Posted by Patricia McElroy on Oct 23rd, 2012 | Comments Off

What To Look For In Foreclosures

Foreclosure investing can be difficult if you are not sure what to look for in bank-owned homes. There are certain learned skills that come with consistent investment in foreclosures. Let’s take a glance at what a trained foreclosure investor’s eye looks for when seeking out the best home for his or her buck.

Location

Just like the price of homes sold normally, different locations offer different price ranges for foreclosed homes. Depending on the budget, foreclosure investors will decide which area they want to purchase in. Usually, the bigger the price tag of other homes in the…

Finding Funds For Foreclosures

Posted by Michael Jones on Oct 22nd, 2012 | Comments Off

Finding Funds For Foreclosures

There are many different ways to secure funds for foreclosure investing. Many of the top investors have their own money allotments for foreclosures, or a tight relationship with a bank who views them as a small business. While this is great for the seasoned investors, where does that leave the new investors in the market? Let’s take a look at some popular funding options for buying foreclosed homes.

Buyer

Many times, when investing in foreclosures, you do not even need to have a bank loan, you just need to be able to identify a suitable buyer for the property…

Protecting Your Foreclosure Rights

Posted by Steve Rogers on Oct 21st, 2012 | Comments Off

Protecting Your Foreclosure Rights

While people who are being foreclosed on have rights, you as an investor must be conscientious of those rights while still knowing when it is time to stand up for your own rights. Yes, believe it or not, foreclosure investors have rights, too. Let’s take a look at one of these laws that is meant to protect the individual losing the home and how you can use the same law to help protect yourself.

Right of Redemption

The Right of Redemption law gives the previous homeowner, the one whose house was just foreclosed on, a certain amount of time…

Finding Funds For Foreclosures

Posted by Adrian Fogerty on Oct 17th, 2012 | Comments Off

Finding Funds For Foreclosures

There are many different ways to secure funds for foreclosure investing. Many of the top investors have their own money allotments for foreclosures, or a tight relationship with a bank who views them as a small business. While this is great for the seasoned investors, where does that leave the new investors in the market? Let’s take a look at some popular funding options for buying foreclosed homes.

Buyer

Many times, when investing in foreclosures, you do not even need to have a bank loan, you just need to be able to identify a suitable buyer for the property…

Top 10 Foreclosure Cities

Posted by Margaret Beyer on Oct 15th, 2012 | Comments Off

Top 10 Foreclosure Cities

With the looming housing market, there are foreclosures popping up everywhere. Some markets have a wider range of foreclosed homes than others, but just about everywhere is feeling the blow. Let’s take a look at the top 10 cities for foreclosure investors based on the poll done by CNBC in 2010, listed in order by median price:

• Pittsburgh, Pa.
  Foreclosure discount 59%, Foreclosure as a % of resales 10%, Non-foreclosure median price $123,000, Foreclosure median price $35,000
• Cincinnati, Ohio
  Foreclosure discount 39%, Foreclosure as a % of resales 15%, Non-foreclosure median price $141,000, Foreclosure median price $65,000
• Columbus, Ohio
  Foreclosure…