Real Estate Investing Facts

If you have not yet checked out all the great foreclosure information and training at
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Hans Anderson

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Just a quick question, would you be interested in receiving information on investment properties in the United States. You would literally have your hand held if necessary to help you purchase these types of properties.

I’m talking about deals that are already set up and in place. Some properties will even have tenets in place already.

This project is still on the ground floor but I’m taking an informal pole, if this is something that you would be interested in, leave a comment.

Hans

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10 Tips To Successfully Buy a Foreclosure in 2009

By Alexis McGee

With foreclosure numbers in the tens of thousands nearly everywhere across the country, many people who have never invested in real estate are wondering “is now the right time to find great deals?”

The answer is yes as the indicators are strong for investors — banks are selling foreclosed properties at huge discounts and strapped homeowners with foreclosure looming are looking for ways out of their predicament, including selling to investors.

Done right, buying a home pre-foreclosure directly from a homeowner creates a win-win situation. The homeowner gets needed cash, and the buyer a solid investment property.
Kick Start Your Foreclosure Investing
Whether you opt to buy a discounted REO property from a bank or lender, or an individual homeowner, it’s essential to pay attention to the details.

1. Understand Your State Foreclosure Laws.

It’s imperative that before anyone sets out to buy a foreclosure from anyone that he or she understands the foreclosure laws of that individual state. They vary dramatically, and affect the foreclosure process time line well as sellers’ and buyers’ legal rights. For example, some states give former homeowners specific rights, such as the option to buy back their properties after foreclosure auction.

2. Use the Right Lead Sources.

Locate solid potential property leads with the help of reputable foreclosure listings web sites like Foreclosures.com. Alternatively, you can manually cull county property records at your county recorders office. A warning: Not all web sites are equal. Some have incomplete and inaccurate information that is unreliable.

3. Beware Marketing Come-ons Like “Instant Riches”.

Avoid web sites or foreclosure “gurus” that promise instant riches with no effort and no money, or their “secrets” for a price. Keep your wallet in your pocket until you have first thoroughly “googled” that person and company. If a web site requires a user fee and won’t allow you a free trial first, look elsewhere.
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John Assaraf , his incredible story and revolutionary Brain Training System!!

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Homes in foreclosure set another monthly record in March with completed foreclosures reaching 175,199 homes, this is up 44 percent from February’s previous record high. This is according to Foreclosures.com, one of the top real estate information providers.

Foreclosed properties were up severely from 121,756 in February. nearly 370,000 properties were repossessed by lenders in 2009. Eighteen point three out of every thousand homes were repossessed, that is up over 38 percent from 266,986 in the fourth quarter of 2008, the U.S. Foreclosure Index showed, and up 76 percent from 210,280 in the first quarter of 2008.

The beginning of 2009 was even more devastating. The first-quarter total is the highest quarterly total of completed foreclosures since the beginning of the foreclosure disaster . Pre-foreclosure filings topped 600,000 for the first time. Pre-foreclosure filings could lead up to a completed foreclosure.

Hans Anderson

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