Ensuring The Future With Bank Foreclosure Listings
No one really knows what tomorrow holds
No one really knows what tomorrow holds. Nevertheless, one of the best ways to secure your future in times of unforeseen financial struggles is to create stable financial assets. You can do this by either saving more money in the bank or creating another steady stream of income through valuable investments.
While there are lots of profitable investment avenues to choose from, such as money market accounts, certificates of deposit, bonds, stocks, and mutual funds, investing on foreclosed properties has remained to be one of the preferred investment options of most financiers. Among the many reasons for this include the following:
High Volume. Stemming from the adverse effects of the great economic crisis in September 2008, there have been approximately 3.9 million completed foreclosures across the U.S. Despite the 3.2 percent decrease in foreclosure inventory in October 2012 (Core Logic, 2012), there is still a wide variety of available properties for sale on real estate owned and bank foreclosure listings. Recently, according to Core Logic, the five states with the highest foreclosure inventory as a percentage of all mortgaged homes were Florida (11.1%), New Jersey (7.7%), New York (5.3%), Illinois (5.0%), and Nevada (4.8%).
Better Prices. With foreclosed properties flooding the market these days, banks or lenders need to immediately get rid of most of their inventory for liquidation purposes. It is for this that they offer their products at very low prices.
Keep in mind that not all properties are in rundown condition. Many are still well-maintained and ideal for investment. Obtaining a property in good shape at a phenomenal price is an absolute purchase and a great way to place your money and entrust your future. For easier or less expensive search process, ForeclosureMagic.com can help you find information about any property across the country.
Better Deals. Now is the perfect time to acquire properties due to the following reasons:
oMortgage rates nowadays are at their lowest.
oThe process of getting loans has been improved to save you from any ordeal on hidden fees and misleading clauses.
Long-Term Investment. To go for long-term returns, the best proven strategy to become a financially free individual is by investing in real estate. And this is the best time to start with your investment.
However, to be able to maximize your investments, you should recognize the following three circles of foreclosures:
Buying before the foreclosure auction
Purchasing homes directly at the auction
Acquiring from the bank or auction after the auction is over
For more extensive, accurate, reliable, and up-to-date facts and figures, as well as beneficial tips about real estate owned properties, bank foreclosure listings, and foreclosure auctions, you may visit this link: http://www.foreclosuremagic.com/.
ForeclosureMagic is a membership service that offers a large database of straightforward information and learning materials for free! Activate your account now and enjoy a stress-free and time-consuming investment.
by: Greg Andrews
Novel Strategies To Find Foreclosures On Sale Property Foreclosure Lawyers Are Property Lawyers Avoiding A Foreclosure In Four Hours Reputable Counselors Can Help If You Are Facing Foreclosure After Finding a List of Foreclosures Why FHA Foreclosures May Be the Way to Go Implications of an Income Property Foreclosure The Non-Judicial Foreclosure Process in California Whats not true about foreclosures Choosing the Right Foreclosure Property for Sale The Stages of Foreclosures USA Foreclosure Listings: How They Can Help You Become Successful Condo Foreclosures - Why They Are Right For You