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May 03, 2010
The Prudential real estate buying bank owned foreclosure list is an excellent resource for locating discounted properties across the nation. Foreclosure properties are quickly becoming a favored choice amongst home buyers and real estate investors because they oftentimes provide instant equity and are nearly always priced below market value.
Home buyers can utilize the Prudential real estate buying bank owned foreclosure list to scout out all types of properties. Whether you're looking for a single family residence or commercial real estate, chances are you will find a perfect match via the Prudential foreclosure list.
April 08, 2010
Foreclosure houses are appealing to first time home buyers and real estate investors because they can be purchased below market value. The majority of foreclosure properties sold through public auctions or lending institutions require repairs or renovations. However, most can be transformed into a great residence or investment property.
There are pros and cons to buying foreclosure houses. Individuals who have never purchased real estate through public auctions should take time to learn how the process works. Otherwise, bargain foreclosure properties can quickly turn into money pits.
May 27, 2008
Bank foreclosures are houses, commercial properties or land, owned and sold by banks. When bank foreclosure properties are not sold through auction they are given back to the bank. If the property has creditor or tax liens, the bank possesses the ability to have them removed and provide a clean title for the property. In some instances, banks will invest in minor repairs or landscaping improvements to quickly sell the property.
Investing in bank foreclosures offers the potential for considerable return on investment. There are two primary ways to turn a profit with bank foreclosures -- long-term and short-term investing. Long-term refers to rental properties or investing in a primary residence, while short-term refers to strategies such as house-flipping.
April 17, 2008
Bank foreclosures offer investors the potential to make a hefty profit, but they also carry a tremendous risk. Before investing in real estate owned properties, it's imperative to conduct research to fully understand the process involved and weigh the pros and cons.
When foreclosure homes are not sold at auction, they are returned to the bank. Also known as real estate owned (REO), bank foreclosure properties are sold directly through the lender. Most banks want to sell REO properties as quickly as possible. However, this does not mean they are eager to sell them for less than is owed on the mortgage note.