Foreclosure is a nightmare for homeowners and a lucrative investment deal for savvy investors. The real estate market offers one of the fastest ways to grow an investment portfolio. Buying foreclosed houses at a fraction of the market value used to take insider knowledge of the housing industry. The resources that we now offer link any interested buyer with thousands of foreclosed houses that are in every state in the U.S.
The database of houses that are available is updated hourly. Foreclosures are filed daily and not every state has a judicial process. Banks and lenders have the power to take back the houses they own and these must be sold to help reduce losses. The foreclosed houses listings that buyers can access here online give huge discounts of up to 50 percent off the market value of a property.
There are several processes that buyers of foreclosed houses used to complete a purchase. The short sale is the most common. This allows an offer to be placed on a home before a public auction is held. This can be hard to obtain due to lenders not willing to take less than what they think a home is worth. The listings of foreclosures that are offered are not short sales. These are bank owned REO properties that are ready for sale.
The liquidators that are presented to you have thousands of houses. These brokers agents work directly for banks and lenders. The sole responsibility of these firms is to unload the properties that are eating away at the balance sheet of lenders. All lenders have foreclosed houses that must be sold. Your search is free of charge using the resources that are provided here online. You get the ability to save a ton of cash buying foreclosed houses for pennies on the dollar.