Realastate : The Time to Buy is NOW!
Realastate is making global headline news. From 100-year mortgages in Japan to 50-year mortgages in the U.S. it has become nearly impossible to buy a home. The problem isn't the cost of realastate. In fact, according to the Case-Shiller Index home prices have fallen nearly 20-percent in the previous two years.
The problem is people are afraid to invest in realastate. They fear their property will further depreciate and they will lose money on their investment. They fear they will lose their job and end up facing foreclosure. Even more importantly, they fear they won't be able to obtain financing because of the credit crunch and economic recession.
It's no secret that few people can borrow money now. Banks are afraid to lend money to anyone; even other banks. The Fannie Mae and Freddie Mac "Bail-Out" has generated an unprecedented avalanche of economic fall-out. Everyone is scurrying about trying to salvage whatever is left of their financial portfolios and selling off realastate at unheard of prices. Things have gotten so out of control that a woman recently purchased a house on eBay for a buck!
The question on everyone's mind is what to do with real astate. Should real estate investors keep investing? Are there still deals to be found? Or should you liquidate what you own and take what you can get?
Few people have the answer. However, history has proven that realastate investments can weather the storm. It may take several years for the market to rebound. As the government reorganizes the largest mortgage lenders and eliminates toxic loans, the real estate market will eventually rebound.
In the meantime, savvy investors have become privy to a little know realastate investment strategy. It is known as probate real estate investing and can create massive profits for those who take time to learn the techniques.
Probate real estate investing involves purchasing realastate through probate estates. When a person dies all of their worldly belongings are transferred to the probate court. During this time an estate administrator oversees the estate. The Administrator must inventory all assets, contact creditors, pay outstanding bills, file a final tax return, and distribute assets according to the decedent's Will.
Getting involved in probate realastate investing requires making a visit to the local courthouse where probate matters are handled. When a person dies, their Last Will and Testament becomes public record. By reviewing probate records, investors can obtain a considerable amount of information about the estate.
The probate executor controls the sale of real estate. Therefore, it is important to obtain this person's name and contact information. If multiple heirs are entitled to the realastate, they must all be in agreement to sell the property.
A wide-range of information regarding probate real estate investing, probate lawyers, inheritance and estate planning is available in our article database. We invite you to bookmark SimonVolkov.com and learn more about the numerous opportunities to safely put your money to work for you.