In this day and age it is more common to hear of a Foreclosure happening to a family you know, rather than a divorce or death.
We are living in an economic kaleidoscope where every turn you make you see the same picture, just at a different angle.
Gas prices are sky high, real estate is priced to sell, and people who have owned their homes for most of their lifetime are choosing to walk away from them because they are no longer able to repay the debt.
In a recent survey, we found that the top five most common reasons for foreclosure are Divorce, Unemployment, Medical Problems, Death, or Balloon Payments. The end result is all the same, no matter the cause; a homeowner is now left to find a rental property to reside in, and another empty home is on the market listed as “bank owned".
With the flood of these bank owned properties on every multiple listing site nationwide, Investors are coming out of the woodwork to snatch these properties up for thousands below actual market value.
We find that in today's market, the average Joe is making the decision to invest in Real Estate rather than stocks, because the return on their investment is secured by real property, they are able to buy nice homes for pennies on the dollar, and the opportunity to re-sell that investment for large profits is practically guaranteed, when buying below market value!
It is important that the entire process is understood before you make the decision to bid on a foreclosure listing. There are things to consider such as value, ability to re-sell, auction hype, financing requirements, etc. A lot of this knowledge will come from many years of investing lessons learned the hard way, but what if you could go into a Foreclosure Auction with the knowledge of a seasoned investor, simply from what you learned from experiences of others?
For a compelling view on Foreclosures & Foreclosure Investing, and to learn more about how you can become successful even in this market; contact us today at http://www.tedthomas.com
Ted Thomas is known world wide as the Foreclosure Authority. He has written many Home Study Courses to help investors and buyers across the globe realize profits in Foreclosures by unveiling secrets of the business that big bankers don't want you to know!