Foreclosed properties are which the owners have defaulted on their loans, and have been repossessed by the lenders. Because the home is being sold by the bank, government or mortgage company, instead of by the owner, the prices are dramatically reduced. A foreclosed home go for 5%-50% less than the market price. New Visions Realty LLC has access to all of the information you need on how to buy foreclosure properties, as well as how to best invest your money on the real estate market and members-only access to a free list of foreclosed properties in your area. Again, the foreclosure investment market is considered a low risk one, since land is a scarce resource. The value of the land will definitely rise, even if the real estate market witnesses a downtrend. here is no dearth of foreclosure properties in the market. Also, in order to buy a foreclosure property, you may not even have to apply for a bank loan. You just need to identify a suitable buyer, who is willing to pay the right price. Foreclosure properties are either sold at auctions or the buyer sells it directly. As compared to the regular real estate market, the foreclosure properties market has a fewer investors. This makes it a lot easier to find and buy properties below the existent market rates.
Short Sales - or pre-foreclosure properties represent properties whose owners are in default of their mortgage obligations but who still retain title to their properties. This is a great source of leads for both investors and Realtors who may be looking for motivated owners wanting to sell before losing their properties to foreclosure. For a list of properties please filled out the form below.
"Subject To"- Buying
real estate "Subject To" is a technique that can allow you to acquire a property
with virtually no cash for new loan financing costs by leaving the seller's
existing mortgage in place. This means that you do not have to get a loan to buy
the property because you have purchased the property "subject to" the existing
loan or loans. Practically, this means that the owner deeds the property to you
and you both agree that you will make the payments on his mortgage. Since the
owner's name is still on the loan he does remain liable for the payments
however.
Fixer Upper Homes - New Visions Realty LLC also list properties that are discounted well below market value because they are in need of repairs. These are mostly fixer upper properties that appeal to buyers looking for low cost homes which can be refurbish. Many real estate investors are also interested in those types of properties which can be renovated and rented or flipped for a nice profit. For a List of these Properties please fill out the form below.
Remember
that using New Visions Realty LLC will give you access to our group of real
estate and Short Sale Loan experts. They can answer your questions about
foreclosed homes, short sale properties, and also investments properties as
well. They always have the most up-to-date information on the trends of the real
estate market, and can help you to invest your money wisely. Fill out the below foreclosure form and
find a perfect home for you and your family.
If you like Property information email to you please fill out the below form. When the porperty is listed on the NWMLS you'll be on the 1st to know.