Sunday, October 08, 2006

Investors.com - "Rising Foreclosure Rate Lures Investors" (10-5-06)

ARTICLE FEATURES BRUCE NORRIS

"Savvy investors know that there's money to be made in good times and bad. Slowing home sales have wags predicting opportunities in one of the saddest segments of a falling real estate market: foreclosures."

"Norris says, however, that a subject-to purchase can offer advantages. The homeowner escapes the loan burden and may receive some money. The buyer may obtain a lower interest rate than current market rates without qualifying for a loan and may buy property under market value. The lender doesn't have to incur foreclosure, auction, eviction or vacant-property costs."

No comments: