Welcome to foreclosure-deals.net! If you are looking for foreclosure information on the
web, you have come to the right place. At foreclosure-deals.net, we offer quality information about foreclosures occurring at your location right now. We scan the web and do the research for you. Our database contains millions of foreclosure listings with information pulled directly from major banks, mortgage corporations, and government agencies. Best of all, our service is completely free. Home buying has never been easier.
Before getting started, it is important to know how foreclosures work. A home foreclosure occurs when a borrower can no longer meet certain loan obligations to a lender. When the borrower stops making payments over a long period of time (generally three to six months), the lender assumes ownership of the property and then seeks to sell it in order to recover the remaining balance on the loan. The lender is usually a bank or the government. Because the lending institution is trying to recoup its losses as quickly as possible, foreclosed homes are often sold at auction at highly discounted prices. It is not uncommon for houses to be sold for half their market value or even less.
During a foreclosure auction, the lender establishes an opening bid on the property. The opening bid is generally equal to the outstanding balance on the former borrower’s loan, as well as any incidental fees such as the cost of the lawyers linked to the foreclosure sale. The majority of auctions occur in a public place in the same county in which the property is located. The bidding process itself tends to fluctuate from one state to another. We at foreclosure-deals.net are working hard to bring updated information about each state’s specific processes straight to you. We highly encourage you to sign up for our newsletter where we will occasionally send you information about your state’s foreclosure laws and regulations, as well as promotional information for other great products and services that will aid you in winning your auctions. Buying houses made easy!
Buying foreclosed real estate is clearly a great way to obtain a quality home for less money. But did you know that it is also a fantastic investment opportunity? Ordinary people across the country are making large sums of money by participating in real estate flipping (also known as house flipping). Real estate flipping generally involves purchasing houses very cheaply and later reselling them at a much higher price, yielding significant profit. The vast majority of the time, these houses are foreclosed homes. Some investors will even perform renovations and repairs on their new property, allowing it to be sold at an even higher price, leading to a much larger return on their investment. There are no limits to how much you can earn!
We are so glad that you have chosen our website to aid you in your journey through the occasionally rough-and-tumble but often very profitable world of real estate. We are working hard to keep you updated with all of the latest housing information and foreclosure listings in your area. We encourage you to explore our website to discover the fantastic opportunities that await you. If you have any questions, comments, or concerns, please contact us, and we will do our best to serve you. Your satisfaction is very important to us. Thank you, and enjoy the website!