Buying Foreclosures For Sale


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Foreclosures for sale comprise those properties that are repossessed by banks and mortgage companies when the previous owners have failed to make their loan payments. Due to the availability of a large number of foreclosures of sale in affluent areas in the country at comparatively reduced prices there has been a high demand for these properties amongst homebuyers and investors which is why there are some important considerations to keep in mind in order to find a good home and make a lucrative and successful purchase.

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Buying Foreclosures For Sale

  1. 1. Buying Foreclosures for Sale A Lucrative Option for Homebuyers with Diverse Benefits
  2. 2. What are Foreclosures? <ul><li>When a property owner is unable to repay his loans the house is taken over and resold by the bank or the mortgage company and such properties are known as: </li></ul><ul><li>Foreclosed home </li></ul><ul><li>REO- Real Estate owned properties </li></ul><ul><li>Repo – Repossessed houses </li></ul><ul><li>Distressed properties </li></ul>
  3. 3. Why Opt for Foreclosures for Sale? <ul><li>With their reduced rates and high investment values, foreclosures are the smartest option available in today’s market for homebuyers looking for a property for purposes such as : </li></ul><ul><li>Residential </li></ul><ul><li>Rental </li></ul><ul><li>Resale </li></ul>
  4. 4. A Safe Venture <ul><li>Most foreclosures for sale are bank and government owned properties which involve a risk free and secure purchase as they are: </li></ul><ul><li>Free of liens </li></ul><ul><li>No back Taxes </li></ul><ul><li>No Eviction hassles </li></ul><ul><li>Involve a transparent purchasing process </li></ul>
  5. 5. Lucrative Purchase <ul><li>Buying a property through foreclosures for sale is a profitable deal due to: </li></ul><ul><li>10-30% reduced prices than the market value </li></ul><ul><li>Lower closing costs </li></ul><ul><li>Smaller down payments </li></ul><ul><li>Equity saving </li></ul><ul><li>Appreciating property value </li></ul>
  6. 6. Unique Opportunity for Small Budget Buyers <ul><li>In today’s high priced real estate market foreclosures for sale present homebuyers having a small budget with a unique buying opportunity through affordable homes in a large variety such as: </li></ul><ul><li>Family houses in affluent areas </li></ul><ul><li>Beachfront houses </li></ul><ul><li>Well maintained condominiums </li></ul>
  7. 7. Bargain Home Purchase <ul><li>With their highly reduced prices foreclosures for sale can be bought at a bargain purchase through various sources like: </li></ul><ul><li>Bidding at public auctions </li></ul><ul><li>Buying fixer upper homes </li></ul><ul><li>Participating in Sherriff sales </li></ul><ul><li>Purchasing a property through a short sales </li></ul>
  8. 8. Tax Credit Incentives <ul><li>With the US government offering various financing schemes buying through foreclosures for sale has become the best option for homebuyers who can now avail several benefits such as: </li></ul><ul><li>Tax credits for first time homebuyers </li></ul><ul><li>Low interest loans </li></ul><ul><li>Flexible payment options </li></ul>
  9. 9. Diverse Benefits <ul><li>Compared to the traditional real estate market buying a property through foreclosures for sale has several unique benefits which has made foreclosed homes one of the most popular and cost effective alternatives for today's homebuyers and real estate investors looking for a safe and bargain home purchase. </li></ul>
  10. 10. <ul><li>Please visit </li></ul><ul><li> </li></ul><ul><li> for the best foreclosures for sale </li></ul>