Monday, May 28, 2007

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Buying Foreclosures Can You Really Make Money Buying Foreclosures

We have all seen the late night infomercials featuring the guy who bought a foreclosure for $40000 and sold it a week later for $75000. These stories can certainly get people excited. Considering the costs involved and the associated risks, can you really make money buying foreclosures?

Lets take a closer look at buying foreclosures.

Theres no doubt that this can be done, but it can be very challenging. As the housing market cools in many parts of the country and as nearly a trillion dollars in adjustable rate mortgages reset themselves, now may indeed be a great time to get started buying foreclosures.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


 

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property Bargains

residential real estate

What Are Property Foreclosures

When someone gets a mortgage for a piece of property and are unable to make their monthly payments, the foreclosure process happens. As soon as the foreclosure process happens, the borrower loses their right to redeem the property that they borrowed money for. They lose the right to redeem the property because the property was security for loan. A common misbelief is that the bank gives out the mortgage but in truth they only loan money and use the mortgage for loan security.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


buying a home