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Mapped Listings

Monday, March 24, 2008

Making Money Tomorrow by Investing Today

Buy Now at 30% Discounts to Market Values!

Breakeven on Investments Every Month with 20% Down!

Cash in on Foreclosures!

I love the way these headlines grab our attention, and encourages us to act now to obtain these excellent investment opportunities. But the problem that most buyers are asking is "How do I take advantage of this?, How do I maneuver in this market without making a crucial misstep?, and Do these opportunities really exist for the common buyer?"

Often times, if you search on google for foreclosures, what you find is that most of the advertisers are trying to sell you a list of Preforeclosed-Auction-Bank Owned properties. But really, what do you do with this list after you've paid and obtained it? The reality is that most investors will simply not be able to capitalize on this list. Sending junk mail, knocking on doors is a lot of work for an opportunity that rarely materializes.

While the foreclosure opportunities seem to be endless given the statistics, the hard part is being able to handpick the deals that reflect a true opportunity, and not one in which you could eventually even lose value from the point at which it was purchased as an investment.

As a broker, I'm in the thick of the opportunities scouring regularly what's Hot and what's Not. I extensively research and analyze these opportunities to determine the level of profitability of homes that are currently in financial distress. If you or someone you know could use some expert analysis and advice, let me know.

Overall, the stronger areas discounted about 15-20%, while the weaker areas reflected as much as 50% off previous market highs.

If you'd like to get a sampling of current Bank Owned properties, visit the Foreclosures link. There are opportunities throughout the state.

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