Real Estate Investors Find Great Opportunities In Foreclosure Market
Real Estate Investors Find Great Opportunities In Foreclosure Market
As the foreclsoure market has continued to expand, real estate investors are increasingly realizing more and more income from purchasing foreclosure properties and then offering those foreclosure properties for sale.
For example, Mary B. of San Diego Foreclosure For Sale goes out into the market and identifies attractive real estate that has gone through the foreclosure process or where the property owner has received a notice of default on a property.
She then negotiates with the bank, note holder, or in the case of a pre-foreclosure - the property owners, and purchases the distressed real estate for a very attractive price that is usually only a fraction of the current retail value of the property.
Banks and note holders are willing to accept these lower prices because they are not in the business of owning real estate and they like the prospect of taking some money for the defaulted loan, taking the loss and moving on with their lending business.
Like Mary, Scott Duff, of Palm Beach House Buyer in Palm Beach, Florida makes his money investing in real estate that he buys from foreclosures, distressed property owners and banks who no longer want to own the property or paper underlying it.
Scott finds the properties, purchases them, fixes them up and then markets and sells them to retail buyers who are happy to be able to buy property at 80% - 90% of market value. Since Scott bought the property for 60% - 70% of market value, he is able to make a nice profit while still offering great deals to his buyers.
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