Jason Dodge offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Things To Keep In Mind To Buy Foreclosure Properties Author: Jason Dodge Category: Buying, Real Estate, Wealth Building Word Count: 541 Keywords: foreclosure properties, real estate investments, buy foreclosure properties Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
One among the best options in real estate investments is to buy foreclosure properties. Though many feel it as a cumbersome process and a process that can give people nightmares, one cannot ignore the profits that can tempt them to go that extra mile. You might face some difficulties initially because of the lack of knowledge but once you know the tricks of the trade, you will not explore any other investment option. A little bit of research is advisable before you venture or buy foreclosure properties. You can start your research by acquiring the list of properties that are on verge of foreclosing. You can get this list from newspapers, real estate agents, magazines, financial institutions etc. You can also check good foreclosure properties at tax lien offices, court houses etc. While selecting any property, the locality needs to given priority. Even if you are getting a good property for dirt cheap price but is located far away, don't worry because in another five years period the property will sell like a hotcake. Property inspection is extremely important once you select a property. You need to check whether the utilities are in good condition or if the property has been vandalized. You should get it inspected from a professional and who preferably is a local guy. This type of inspection can cost you around a couple of hundred dollars. Don't worry on the expense as your investment in this area is certainly worth the profits that you will be making. You will also need to check if there are any other liabilities on the property like pending tax or utilities bills. You can do a title search to know about it or you can also opt for a title insurance that shall protect you from any kind of property liens. This insurance shall also cover you being sued by the original owners. If you are a beginner, you can also consult a lawyer before venturing into investment in foreclosure properties, the reason being, some aspects of foreclosing might be hard to understand. Foreclosure properties also come along with a lot of rules and regulations. The rules differ in each state or county. A six months period is given to original owner to pay off his loans and to reclaim the property from the time the process of foreclosure is completed. This law is practiced in a few states/regions of US. Foreclosure properties are sold at 10% to 50% lower than market price; hence there are a lot of prospective clients waiting to grab the property. If you are a beginner, don't waste your time and energy attending foreclosure auctions as it is meant for the big players. There are umpteen numbers of other factors that one needs to bear in mind before you buy any foreclosure property. A lot of research, reading and listening are required. One can take couple of tips from big players in real estate by visiting their websites or reading books published by big time real estate players. What are you waiting for? Invest today in a Foreclosure property and let your hard earned money grow. It might be a painstaking task initially, but the profits will soon follow and would be too hard to resist. Jason Dodge has been investing in real estate since the early 90's. He specializes in getting money for investing and recommend the free training at http://www.InvestSteps.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
