Did you know that homes and valuable real estate are available for sale in every region of the United States at prices that are up to 90% of their normal value?
Pledged and returned homes flood the lists of stocks of banks, mortgage lenders and government agencies, as the housing market falls across the country.
This creates a problem for the financial industry and for the government. The reason is that these institutions are engaged in lending or guarantee loans in homes.
They do NOT work in real estate. And they do NOT want to own these houses. It is a nightmare for them to maintain at home, to maintain repairs, to protect them from vandalism and theft, just to keep them in books as a burden to their capitals.
They would rather get rid of them, even if it means a loss, in many cases a big loss. It's all right with them, they just take the charge off and do it on a regular basis.
A mystery that many do not know how common the practice is. Every month in every region of the United States there are almost unknown state and excessive household auctions. The purpose of these auctions is to sell these houses and quickly get them from books!
If you know where the auctions are held, and even better, if you know which houses will be sold, you can actually buy a house at 90% of the regular retail price.
What types of houses are available?
Get ready for the unexpected. Every type of house imaginable is sold under the hammer of these auctions, including: individual houses, country houses, town houses, suburban houses, luxury luxury houses, villas, duplexes, triplexes, apartment buildings, holiday homes and much more.
If you are looking for a particular type of house, such as a 4-bedroom house on a Florida golf course, you can find exactly what you are looking for without the help of a realtor, without paying for retail, paying for duties, and not burdening your family with a high mortgage obligation.
Why are all these houses available?
Houses are sold at auction for a number of reasons. Here are some examples:
Foreclosure - When a homeowner cannot pay a mortgage on a monthly basis, a lender may be forced to lose a home and evict a homeowner. Contrary to popular belief, lenders do not like to kick people from their homes and resell homes for potential unexpected profits. As we said earlier, this is not their business. The house for which they are forced to return becomes an albatross around the lender’s financial neck. Their only real interest in most cases is to sell the house as soon as possible and write off any losses.
Tax sales. When property taxes become delinquent, tax jurisdiction may take ownership of property instead of paying property tax. As in the case of creditors who fail, the tax authority will strive to sell the house home as soon as possible in order to recoup overdue taxes.
When a house has a small or no mortgage burden, but it becomes available at an auction to sell real estate, there is a real opportunity to buy houses for a penny for a dollar. You may have seen some late night commercials that said you can buy a house for $ 75,000 for $ 687 or some other figure. While most tax sales do not sell fairly cheaply, the premium is accurate that valuable homes, land, and property can be bought for a penny per dollar.
IRS auctions. The recoupment of tax liabilities for offenses is a special focus on the IRS auctions. Homes and valuable property of all kinds can be bought at very low prices by visiting one of these special sales. They are held in all regions of the country on a fairly permanent basis.
DEA Auctions - The Anti-Drug Administration seizes all kinds of homes, jewelry, land, cars, boats, RVs, airplanes, you name it, while you are pursuing the bad guys drug dealers. Property that was bought with hard-blood drug lords can be confiscated immediately by the government. This valuable reward is then sold at special auctions, and funds are often placed in a fund to help the DEA pursue and capture more criminals.
How to start searching for homes and properties that will be sold this month?
Make a special search for updated listings of homes and other property that will be auctioned in your area at auctions with government and surplus homes. After receiving this information, you will be ready to take advantage of these opportunities for yourself and your family.
And remember that houses are not the only deals you can find in these auctions. Stocks of cars, boats, jewelry, RV, land, etc. Also sold at auction to get them from the books of government agencies and banks that returned them or confiscated them. Get hunting and good luck!
