Forfeited and Seized Real Estate Skyrockets with Minimal Public Enthusiasm

[uuvsyi...@yahoo.com]

Latest figures show that the number of seized and forfeited properties
have increased over the last quarter due to rising interest rates and
reckless lending. Lenders have been warned to tighten the screws when
it comes to approving loans for families on unstable incomes. Loans
have be approved in the past with little or no credit checks, the
people that acquire these loans can not afford repayment resulting in
the new property being forfeited or seized by the government. All
these families are looking for is the great American dream of buying
and owning their own home. This dream can ultimately blind them from
the fact that the financial demands of paying off a mortgage can be
overwhelming and can ruin lives.
It is unfortunate but this is a time when a new home buyer can benefit
enormously from the miss fortune of others. Since there are thousands
of homes being forfeited and Seized every day, the government has to
auction them off rapidly to recover debt. This rapid turnover results
in many of these homes being sold for as much as 90% off the current
market price.
You might say this is ridiculous but the truth is that the public
interest is so low that there is barely any competition during auction
time. Since the auctions are government run, there is no marketing
involved. Mark Garner, who is based in Miami, is a Real Estate
investor who has bought and sold more than 50 - 60 homes a year for
the past 5 years across America. He is planning on buying more than
100 properties this coming year.
"I really must say government real estate auctions have been the
source of my success for the past 5 years, I really started to think
these auctions where my own little secret because nobody seems to know
about them"
"I would do my homework and find out when and where the auctions where
going to take place, I place my bid and I usually come away with
another house. I seriously think that new home buyers don't do enough
homework before they run out and buy a house the old fashioned way.
They need to open their eyes and see the massive potential in
government auctions," Mark said.
Most people don't know where to start researching when buying a new
home. The most common place to start is the local newspaper.
Everything listed in the local newspaper is always at market value
because of the huge amount of publicity the real estate receives.
Little or no saving can be made when purchasing these properties.
You should always start your research on the internet. There are many
websites on the internet today that claim to offer the best seized
real estate products but they are simply bogus sites that take your
money and don't offer you any real value. Many will offer you a refund
before purchase, but after you realize you would like a refund, the
site owners cannot be contacted. You have to be wary about who you
deal with. "I have tried every seized real estate website on the
internet that I know of and have been ripped off by 80% of them. They
just don't provide what they claim in their sales copy. I would have
to say Wukkas Seized Real Estate would have to be the best site I use
for quality and assistance," Mark said.
Now is defiantly the time for real estate investors and new home
buyers to take advantage of the forfeited and seized real estate
market. Save yourself thousands and take the stress and worry away
from buying your new dream
home
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