| SEIZED REAL ESTATE MARKET IS HOT! EVERY | | | | seized property? |
| MONTH THOUSANDS OF PROPERTIES BECOME | | | | Information regarding the assessed value and the |
| REPOSSESSED BY BANKS, STATE, FEDERAL AND | | | | current market value of any seized property can be |
| PRIVATE ORGANIZATIONS THROUGH VARIOUS | | | | easily obtained from online auction websites. |
| SEIZURE AND BANKRUPTCY LAWS. THOSE | | | | Question: Is it possible to get financing? |
| PROPERTIES COULD BE PURCHASED THROUGH | | | | Yes, financing is easily available from financial |
| AUCTIONS AT A FRACTION OF THEIR ACTUAL | | | | institutions that provide mortgages for seized |
| MARKET VALUE! | | | | properties. Your interest rate will vary depending on |
| Here are some of the commonly asked questions | | | | your credit score and other factors, but even with |
| and their answers: | | | | bad credit you will be able to buy properties with |
| Question: What are seized properties? Why are they | | | | small down payments and have a good interest rate |
| so cheap? | | | | on your mortgage - because there are hundreds of |
| A seized property is a home that has been | | | | banks and they are forced to compete for your |
| repossessed by the lender because the owners failed | | | | business. |
| to pay the mortgage - this is called foreclosure. | | | | Question: Is it possible to resell the properties and |
| Hundreds of thousands of homes end up in | | | | make profit? |
| foreclosure every year. Economic conditions affect | | | | Absolutely! Many people have been doing this for a |
| the number of foreclosures, too. Due to a variety of | | | | long time now, building their wealth and net worth in |
| circumstances, hundreds of people or businesses | | | | the process, buying and selling seized properties. More |
| default on their mortgages every day, and as a result | | | | and more properties become repossessed every |
| have their properties seized by banks or other | | | | month thus providing a constant variety and a |
| private and government institutions. Because of the | | | | growth factor to this market sector. You can acquire |
| constant influx of new seized properties and the | | | | the properties and sell them immediately for their |
| enormous amount of money and time required to | | | | current going market value, and pocket all the profit |
| maintain and market them, the banks attempt to | | | | that could range from tens to hundreds of thousands |
| recover at least some of the money by conducting | | | | of dollars if you buy smart! Remember, real estate is |
| public seized property auctions. You may be able to | | | | the number one "millionaire-maker" in the United |
| but these properties directly from the banks for up | | | | States - and seized properties sector is the number |
| to 90% off the market value of any property. | | | | one profit-generator within the real estate market! |
| Question: What types of seized properties are there? | | | | Question: Is it possible to buy properties with $0 |
| You can find virtually any type of real estate: | | | | down? |
| single-family houses, multi-unit houses, apartments | | | | Of course! Zero-down seized properties are available |
| townhouses, commercial properties, mobile homes, | | | | in every state and many new properties are added |
| land, timeshares, vacation and rental properties. | | | | to the listings on a daily basis! |
| Question: How do you determine the value of a | | | | |