Foreclosure has to potential to give you the home at an extremely low price. In some states, foreclosures are being sold for less than $10 K. If you haven’t bought a foreclosure already, consider moving forward on one now before the inventory drops and the prices rise.
Foreclosure properties make great real estate investments. You can lease them out or hold onto them until the real estate market recovers. The current foreclosure market features a wealth of acceptable homes at well under the fair market value.
With the plethora of foreclosure homes available in the market, the total of new home buyers in the US has risen monumentally over the past year. Foreclosed houses are being sold at enticing prices. Buyers are very excited to take advantage of this real estate market.