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Washington State Foreclosure Properties Article
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Foreclosure Properties: Opportunities for Investors
from:Foreclosure properties are those that lenders have closed on because the homeowner has failed to make payment on the loan. The home itself rarely has any problems with it, and in many cases, the value of the home is more than the sale price. With these key facts in place, you can see these types of properties are in fact quite an investment opportunity for most investors. If you are planning to purchase a home, you may want to consider the benefits of foreclosure properties.
Finding foreclosure properties is easy to do, too. Your local real estate agent can help you to locate homes within your area that have been foreclosed on. This often means you will get the information on these homes just days after the foreclosure has gone through. Some real estate agents actually specialize in this type of loan, which can help you to get information on these homes as soon as they hit the market. This gives you, the investor, the opportunity to grab up the house or other property type quickly before other investors can steal it from under you. This is an opportunity any real estate investor needs.
Before purchasing foreclosure properties, you do have to take into consideration the value of the property. Some of the areas in which these properties are located have grown in value since the home was lost to foreclosure. Others have seen a decrease in home prices. In addition, the bank who currently owns the house must be willing to see at or below the appraised value of the home at the time of the sale to you if you will qualify for lending on this home. Having an appraisal and working out numbers is an important part of the process of getting these loans.
Foreclosure properties are readily available in many areas. They are not just homes, though. They are also commercial buildings and even vacant land that has been taken back by a lender who owns the loan on that land. Being flexible and willing to work with these lenders is the best way to take advantage of these loans.
Foreclosure properties are not limited, nor are they problem properties. Like any other type of lending situation, you must consider the overall value of the property as well as the risks involved in purchasing these homes. Doing that will insure that you are getting the best price for the home available to you, and that you are making a wise financial decision for your own personal needs and budget
Washington State Foreclosure Properties News
Washington metro area foreclosures down 7.9 percent in April - Washington Post (blog)
 OregonLive.com | Washington metro area foreclosures down 7.9 percent in April Washington Post (blog) “Our preliminary first quarter sales data shows that pre-foreclosure sales — typically short sales — are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.” After three straight monthly ... Foreclosures Plunge to Five-Year Low in US: Mortgages Illinois third in foreclosures despite national improvement Oregon foreclosure filings drop in April as lenders shift attention east |
Could worker-owned co-ops help jumpstart the economy? - Washington Post (blog)
Could worker-owned co-ops help jumpstart the economy? Washington Post (blog) The recession dealt a particularly hard blow to California--one of the worst victims of the housing crisis and the poster child for state budget dysfunction. But tough times have also forced some California A foreclosure sign hung in front of a home in ... |
Foreclosures Move Downtown - UPI.com
 Bloomberg | Foreclosures Move Downtown UPI.com The 11 cities with annual increases in foreclosure activity were all in the Midwest, South or on the East Coast, while six of the nine cities with annual decreases were in the western states of California, Arizona and Washington. Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages U.S. Foreclosures Down 14% Over Last Year, Filings Shifting to the East Mortgage foreclosures dropping nationwide; good news for Maine |
US Housing Market Recovery Continues - NuWire Investor
 USA TODAY | US Housing Market Recovery Continues NuWire Investor Shrinking inventory in foreclosed homes is creating more demand in many areas, say analysts, which has boosted the median home price across all property types by more than 10% for the year. For more on this continue reading the following article from ... Americans bought 3.3% more homes in April US sales of previously occupied homes up US sales of new homes rose 3.3 percent in April |
Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure - LoanSafe
Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure LoanSafe According to RealtyTrac, which markets foreclosed properties, 1 in every 1582 Washington state homes and condos received a foreclosure filing in March. Trends in Spokane County are much better than those in other parts of the state, but SNAP still ... |
Washington mortgage delinquencies up, foreclosures down - Seattle Post Intelligencer
 Business Insider | Washington mortgage delinquencies up, foreclosures down Seattle Post Intelligencer But the share of loans in foreclosure fell from 2.99 percent a year earlier, while foreclosure starts were down from 0.8 percent. The nationwide delinquency rate was lower than Washington's, at 6.94 percent, while the share of homes in foreclosure and ... Foreclosures in Illinois bogged down Mortgage Delinquencies in U.S. Fall to Lowest Since 2008 Mortgage Delinquency Rate Hits A 4-Year Low |
Frustrated borrowers seeking mortgage help - MarketWatch
Frustrated borrowers seeking mortgage help MarketWatch By Lew Sichelman Realty Q&A is a weekly column in which Lew Sichelman, a nationally syndicated columnist who has been covering the housing market for more than 40 years, responds to readers' questions on real estate. WASHINGTON (MarketWatch)—A column ... |
Secretariat Birthplace, Virginia State Fair Go for $5.4 Million - Bloomberg
 Kansas City Star | Secretariat Birthplace, Virginia State Fair Go for $5.4 Million Bloomberg Mark Lovell, an expositions promoter, purchased the birthplace of Secretariat, the winner of horse racing's Triple Crown in 1973, and the Virginia State Fair grounds for $5.35 million at a foreclosure auction. Meadow Farm was sold yesterday by Motley's ... Virginia property where Secretariat born is sold |