Cash In With Foreclosure Property
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Bruce Swedal
May 4, 2013, 5:20:05 PM5/4/13
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Please consider this free-reprint article written by:
Bruce Swedal
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The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
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Article Title: Cash In With Foreclosure Property
Author: Bruce Swedal
Word Count: 567
Article URL: http://www.isnare.com/?aid=230089&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=230089
Easy Publish Tool: http://www.isnare.com/html.php?aid=230089
*********************** ARTICLE START ***********************
We hear it every day. The number of properties being repossessed is on the rise, but what you don�t hear is that there are individuals and companies that have started to invest in those properties whose owners are in financial distress.
It goes even further than that as there is a national trend developing with these home owners who are desperate to stop the repossession of their homes. These debt ridden owners who are having difficulties keeping up with the monthly payments are offering up their properties at heavy discounts more and more often.
What the sellers need in these situations are buyers that are able to move quickly to take possession of the property. The objectives are usually just enough money for the seller to pay off any loans and arrears to stop the foreclosure, even if that means that the seller will be giving the property up at a heavily discounted price.
Due to the foreclosure situation these savvy investors have seized on being able to purchase these properties at bargain prices from home owners in financial difficulties. It helps the home owner avoid the foreclosure and eviction process and creates a profit opportunity for the investor.
Investors see this as an excellent opportunity and time to build up a nice sized property portfolio. One they can sit on while renting the property to tenants until the market turns around. Real estate is a cyclical market and those that understand capitalize on the changing trends.
There is a couple down sides to this. Generally when a home owner can�t make the payments on the home they also cannot maintain the home. Meaning they are generally in poor repair when purchased. So the investor may get a discounted price, but they will also get a home that needs some work. It is a good idea to have a very good understanding of what might need to be done to the home and any costs.
It only makes sense that a home owner going through foreclosure would not have the funds to properly maintain the home and keep it in good repair.
Purchasing a home in this way may also represent an opportunity to find a renter. The seller may want to remain living in the home by paying rent on it. If you get into this situation you need to realize that the tenant might not have any cash reserves in savings. They might also have irregular income which might mean a risk of getting rent paid on time.
In these less than perfect situations the landlord may be forced into eviction proceedings. If it comes to this the tenant may not be too happy with the situation on a property that they once owned. Meaning they might not go quietly.
One final item for you to consider if you are thinking about investing is the cost of borrowing. Right now the interest rates are near historic lows and there are many properties priced as bargains. This is very rare and will not always be that way. If you are in a position where you would finance your property investment, you may not get a better time to do so. Factor in the cost of potential interest rate hikes in the future when considering property investments.
About The Author: Get your home listed on the most trafficked http://www.bruceswedal.com/ Denver Real Estate website. When you want to sell your home, you want it seen. Find additional real estate resources at the Authority http://www.authoritydirectory.com/Real-Estate/ Real Estate Web Directory.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=230089
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Bruce Swedal
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=230089
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=230089
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Cash In With Foreclosure Property
Author: Bruce Swedal
Word Count: 567
Article URL: http://www.isnare.com/?aid=230089&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=230089
Easy Publish Tool: http://www.isnare.com/html.php?aid=230089
*********************** ARTICLE START ***********************
We hear it every day. The number of properties being repossessed is on the rise, but what you don�t hear is that there are individuals and companies that have started to invest in those properties whose owners are in financial distress.
It goes even further than that as there is a national trend developing with these home owners who are desperate to stop the repossession of their homes. These debt ridden owners who are having difficulties keeping up with the monthly payments are offering up their properties at heavy discounts more and more often.
What the sellers need in these situations are buyers that are able to move quickly to take possession of the property. The objectives are usually just enough money for the seller to pay off any loans and arrears to stop the foreclosure, even if that means that the seller will be giving the property up at a heavily discounted price.
Due to the foreclosure situation these savvy investors have seized on being able to purchase these properties at bargain prices from home owners in financial difficulties. It helps the home owner avoid the foreclosure and eviction process and creates a profit opportunity for the investor.
Investors see this as an excellent opportunity and time to build up a nice sized property portfolio. One they can sit on while renting the property to tenants until the market turns around. Real estate is a cyclical market and those that understand capitalize on the changing trends.
There is a couple down sides to this. Generally when a home owner can�t make the payments on the home they also cannot maintain the home. Meaning they are generally in poor repair when purchased. So the investor may get a discounted price, but they will also get a home that needs some work. It is a good idea to have a very good understanding of what might need to be done to the home and any costs.
It only makes sense that a home owner going through foreclosure would not have the funds to properly maintain the home and keep it in good repair.
Purchasing a home in this way may also represent an opportunity to find a renter. The seller may want to remain living in the home by paying rent on it. If you get into this situation you need to realize that the tenant might not have any cash reserves in savings. They might also have irregular income which might mean a risk of getting rent paid on time.
In these less than perfect situations the landlord may be forced into eviction proceedings. If it comes to this the tenant may not be too happy with the situation on a property that they once owned. Meaning they might not go quietly.
One final item for you to consider if you are thinking about investing is the cost of borrowing. Right now the interest rates are near historic lows and there are many properties priced as bargains. This is very rare and will not always be that way. If you are in a position where you would finance your property investment, you may not get a better time to do so. Factor in the cost of potential interest rate hikes in the future when considering property investments.
About The Author: Get your home listed on the most trafficked http://www.bruceswedal.com/ Denver Real Estate website. When you want to sell your home, you want it seen. Find additional real estate resources at the Authority http://www.authoritydirectory.com/Real-Estate/ Real Estate Web Directory.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=230089
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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