New Site Helps New House Hunters in Buying Foreclosed Homes

Buying Foreclosed Homes can be a profitable business and a very cheap way of owning your own property but there is a lot of mis-information online on how best to go about it.

North Powder, OR (prHWY.com) November 21, 2011 - November 2011 - A new resource exists to help would-be foreclosure buyers in getting into a home of this type, that does so without the advertising hype and jargon associated with some informercials. Buyforeclosedhomestips.com, an educational website, has been launched to better orient consumers as to the basics of buying foreclosed homes and the whole foreclosure process, to better speed up the ability of those buyers to make sensible choices in purchasing such property. In many cases, the site expects the information to lead to people buying homes at much more affordable prices.

The site eschews get-rich-quick rhetoric about "foreclosure fortunes," and instead carefully explains how to buy foreclosed homes from an entirely conventional, or conservative standpoint. The site strongly encourages using the normal professionals that would be involved in most other property transactions -- real estate agents, home inspectors, perhaps mortgage brokers and the like. The emphasis is on qualifying for a mortgage, and living in the property once selected, instead of on investing. This will be of immense help to new home buyers who wish to avoid the pitfalls and complications of buying foreclosured homes.

The site's overview of how to buy foreclosed homes may even be useful to parties such as home renters, who may be unaware of their precarious position if the owner is facing foreclosure. According to one site article "there, most likely, will be some consequences that you will need to be prepared for. Initially, you may not even know about the foreclosure as under normal circumstances it takes 3 to 6 months for a foreclosure to go through. If the property owner does not divulge any information to you, it is possible you will not find out until a bank representative comes knocking at your door."

Buyforeclosedhomestips.com advises it also serves as a refresher course for many more seasoned real estate buyers, who already know how to buy foreclosed homes, but who have shied away from the foreclosure market in recent years due to the recent recession and housing crisis. Possible approaches to special foreclosure situations, including the short sale process, tax liens and other alternatives are discussed for those experienced players wanting to explore advanced methods. The site anticipates it will serve to keep track of the viability of the tactics as the window for the opportunities remain open over the coming years..

About Buy Foreclosed Homes Tips

Buy Foreclosed Homes Tips is a high quality website created by Kevin Foley to better educate people on aspects of buying foreclosed properties. The lack of good quality information on this topic was a driving force for kevin making this resource available online and it now includes details for the more experienced real estate buyer too.

More details on the importance of getting the right information on foreclosures can be found at the website: http://buyforeclosedhomestips.com

Address: 1405 Skinner Hollow Road North Powder, OR 97867 United States
Email: info@buyforeclosedhomestips.com
Phone: 541-898-4038

###

Tag Words: foreclosed homes

Categories: Business

Link To This Press Release:

URL HTML Code