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July 19, 2011
For years the Last Vegas real estate market offered some of the most desired properties in the country. Everyone was ready to gamble in Sin City in hope of striking it rich. Today, Clark County Nevada has nearly turned into a ghost town with thousands of foreclosure properties sitting vacant.
There are signs the Las Vegas real estate market is heading toward recovery. In June, the Las Vegas Review-Journal reported foreclosure filings declined by 12.9 percent in May. Additionally, banks canceled 1,931 sales which was a 36.7 percent decrease from April. The report wasn't clear on whether canceled sales were the result of loan modifications, short sales, or deed in lieu of foreclosure.
October 11, 2010
Homes for rent can be a profitable niche for real estate investors. In addition to offering rental homes, investors can also use properties to engage in lease options, seller carry back mortgages, and other types of creative financing options.
Many investors offer homes for rent in popular tourist locations such as mountain retreats and beach bungalows. Others offer rental properties as Section 8 to obtain guaranteed rent payments from the government. Some investors specialize in affordable housing, while others focus on luxury rentals.
May 18, 2010
The Remax Real Estate buying bank owned foreclosure list is an excellent resource for locating properties priced below market value. When banks repossess foreclosure houses they often assign Remax realtors to list properties and handle all facets of the sale.
The Remax Real Estate buying banked owned foreclosure list consists of all types of real estate making it a good resource for first time home buyers and real estate investors. Discounted properties range from residential homes to commercial real estate, as well as industrial parks, retail outlets, golf courses, and raw land.
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.