Do you think the rising cost of the real estate market has pushed you from it; you better take a look again. If you’re a first time home buyer, then consider bank owned homes for your initial home purchase.
If people are willing to do some homework and research, they’ll find that bank owned foreclosures, along with other foreclosed homes have a tendency to be the best opportunities in the real estate market right now.
Many market circumstances can make it a great time for small to medium real estate investors to buy one or more foreclosure homes for their own residence, resale or rental.
During downturns in the economy, more higher end properties go into foreclosure, so the belief that foreclosure properties are only available in high crime areas is faulty. Beachfront and properties in affluent areas are always part of the mix of foreclosed properties available.