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Foreclosure Investments Prescott AZ

Foreclosure investments can be risky and it helps to be armed with a lot of knowledge before buying a foreclosed property. See below for local businesses in Prescott, AZ that can help with foreclosure proceedings, foreclosure sales, pre-foreclosure sales, and foreclosed loans as well as advice and content on foreclosures and bankruptcy homes.

Robert J. Israel
(928) 273-2420
Steve Collins Realty & Property Mgmt. 9 Brookside Blvd.
Prescott, AZ

Data Provided by:
Re/Max Mountain Properties
(928) 775-8888
5010 Bear Wy
Prescott, AZ
 
Homes & Land Magazine of Sedona
(928) 301-0409
711 S. Granite
Prescot, AZ
 
eXp Realty
(928) 632-3906
11470 E turquoise Circle
Prescott, AZ
 
Realty Executives Northern Arizona
(928) 533-4229
503 E Gurley Street
Prescott, AZ
Office Hours
8:00-5:00 M-F, 9:00-5:00 Sat & Sun

Re/Max Mountain Properties
(928) 778-1010
731 W Gurley
Prescott, AZ
 
Prescott Real Estate Group, LLC
(928) 443-8893
641 Division Street
Prescott, AZ
 
Prescott Area Foreclosure Specialists
(928) 710-1717
731 W Gurley Street
Prescott, AZ
 
The Bergamini Group @ Realty Executives Northern Arizona
(928) 777-0257
503 E Gurley St
Prescott, AZ
 
A1 Property Management
(928) 848-7433
1555 Iron Springs Road, #2
Prescott, AZ
Office Hours
9am-5pm (24 hour phone availability)

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Foreclosure Investments



Foreclosure Investments
Tue 06/16/09 03:12:23 pm
by Kim and Charles Petty

The real estate industry always looks forward to make a profit out of any transaction involving buying or selling properties. This includes distress sales and foreclosure properties. In the case of foreclosure properties, any home or commercial property can be bought cheap. In a foreclosure, the owner of the property takes a loan to buy a home or commercial land/structure. For some reason, the person is unable to pay the bank or private financial institute, regularly, as per the terms of agreement. In such a situation, the financial institution forecloses or puts up the property for sale to recover the balance. However, in such a situation, the home or commercial property owner stands a chance to sell the property within a stipulated period of time. The sale has to take place before the bank auction. This gives the owner a chance to get out of the financial mess. It is in this phase of a foreclosure that the property can be bought real cheap. For the investors, this is one opportunity to make the best use of this most attractive investment options.

Manufactured Home Buyers Must Read

The inability of the homeowner to come up with the mortgage payments creates a market that is perfect for the buyer. The lenders on the other hand, have no other option but to foreclose such a property. The resultant auctions and price deduction make foreclosure investing very attractive. In the real estate scenario, such situation that combats a downside, and the upscale residences, which get into the foreclosure scene is the perfect time to go shopping for attractive real estate deals. The 'bagged' property could be used as a private residence or rented out for further profit.

There are many wise investors who buy it cheap and resell for huge profit margins. Foreclosure investing is really good, if you have your basics right, with a great network and the gift of the gab. The foreclosed properties offer investors bigger chances to make a hefty profit out of the investment than any other avenue in real estate. You need to network well, when you plan to invest in foreclosures. Just like any other real estate investment, you need to identify the best deal in terms of location, resale value, condition of the property and the possible margin.

Investing in some dilapidated foreclosed property just because it is going cheap may not be your best bet. However, the same dilapidated property, if it is attractive and has high value because of its location could be your right opportunity to rake in the moolah! Whenever you choose to invest in a foreclosure, you need to look at it from a larger prospective. The property could double in value in a matter of hours, days or months. The main considerations should be the location and the current to the estimated future value ratio. This ratio would help determine immediately whether or not to invest in the property would be a wise move.

There is no doubt tha...

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