Statistics have shown that about one out of 100 houses are actually undergoing the foreclosure process – a count which is considered a 79% increase of the number of homes subject to foreclosure in the US, which continuously proves that the trend of foreclosed homes are rising in the country. Investing money in the foreclosed home investing circuit is quite similar to investing in the stock market. Although the source of the statement has never been verified, reportedly there was a rule of thumb in Georgia that every citizen should be within a one-day round trip by horse or wagon from the seat of county government.
Our inventory of used mobile homes and used manufactured homes are located across the nation. Now, many major housing markets have a plethora of foreclosed homes which are now vacant and waiting to be sold to new buyers. There are number of choices available for foreclosed homes like pre-foreclosures, sale at auction and bank foreclosure property which require the specific procedure and state laws to follow.
Corporate and personal income taxes are non existent and property taxes are the least in USA that makes investing in Las Vegas Foreclosed homes such an attractive proposition. You can easily avail these homes when the public auctions are held by bidding the highest among all present.
The activity on foreclosed homes is happening in several other hard-hit markets. Foreclosed homes are the best means of investment for any real estate investor as attractive properties are available at cheap prices almost 20 to 30% cheap than the prevalent market price.
Bank foreclosed homes rate at about 10-15 percent lesser than that of the original price of the foreclosed homes sold in the market. In all, Fannie has resold 1.2 million homes since 2009, the worst year of the crisis. Buying foreclosed properties can prove to be a real profitable deal in the long run.