HGTV’s FrontDoor.com compiled two season-appropriate, and very different, lists:

Tricks

1. Every foreclosure is a bargain — Just because a house has a cheap price tag, doesn’t mean that it will be a good investment.
2. Buying a foreclosure property is like buying any other property — Foreclosure deals usually involve multiple parties and specific laws. Seek out a foreclosure expert.
3. Going into foreclosure is better than paying a mortgage you can’t afford — Foreclosure has major legal, tax and credit consequences and should be a last resort.

Treats

1. Homeownership is affordable — There really are well maintained foreclosure properties out there, some for as little as 50 percent below their market value.
2. Banks are motivated to get rid of their inventory — Banks want to get non-income-producing properties off their books as quickly as possible, which translates to competitive pricing for consumers.
3. The right foreclosure can be a good investment — Whether a foreclosure purchase is destined for renting or flipping, the right property can be profitable.

Remember you can find your treat on Foreclosure.com. Our nationwide database of more than 2 million distressed real estate listings is FREE to search for seven days. Cancel at anytime.

No tricks!

To check out the complete article head over to FrontDoor.com.

Remember that you can check out when the REDC foreclosure auction train will pull into your town right here (Click the link to see complete nationwide schedule). To search for other foreclosed homes in Tennessee and elsewhere throughout the nation click here.

It’s that time again.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from this Saturday (Oct. 10) through Thursday (Oct. 29) in several states, including Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

It’s six more consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties. All told, 467 properties combined must be sold in less than one week.

Bids can start as low as $500 because everything must go!

If you’re looking to take advantage of the best real estate deals in these areas then definitely check out REDCs foreclosure lender auctions.

Here are the locations (For complete details click here):

Read the rest of this entry »

RealtyBid.com, which has sold more than 3,000 foreclosed properties to investors throughout the nation in recent years, experienced a 211 percent increase in real estate sales last month (Sept.) when compared to the month prior (Aug.), according to a recent article in the Birmingham Business Journal.

Company CEO, Tony Isbell, attributes the surge to government moratoriums on foreclosures being lifted.

Here’s a snip:

“We expected to see bidders take advantage of the unbelievable (bank-owned) bargains we had to offer in September and they did. Year-to-date, September is by far our biggest sales month of the year and it’s our second biggest sales month ever.”

Remember that RealtyBid.com is a trusted Foreclosure.com partner — we even have a dedicated page that lists home auctions and properties located throughout the the nation.

To check and see if there are any amazing deals (currently 427 properties) in your area right now click here. Be sure to check back often because we add new listings frequently.

The national lenders that own these properties are super motivated to sell them all as quickly as possible. So if you have ever wanted to make money investing in real estate, this is a tremendous opportunity.

This is your opportunity to purchase real estate properties at greatly reduced prices. The terms of purchase are 5 percent down and a 30-day closing process.

Don’t miss out! Check out the upcoming auctions in your area right here.

That’s how Kendi Kiogora, a 28-year-old first-time home buyer, described her recent experience at a Chicago-area auction, anyway.

And when you hear about the deal (or steal) she made off with it’s hard to argue otherwise.

Kendi purchased a “one-bedroom, one-bath apartment in Chicago’s trendy South Loop neighborhood, with skyline views and heated parking, for just $105,000,” according to Reuters.com feature today. The final sale price was $62,000 less than its last listing and well below true market value.

Her good fortune is just more proof that it’s a buyers market. Plain and simple. Opportunities to buy homes at deep discounts have never been better than they are right now.

And according to Dave Webb of Hudson & Marshall, one of the biggest players in the real estate auction business, more amazing deals could flood the market in the very near future.

Here’s a snip:

“The foreclosures are going to explode again.”

Why?

Mr. Webb points to moratoriums that have or are about to expire on foreclosures, which were put in place months ago by major lending institutions and banks to minimize defaults and stabilize the market.

However, this well-intentioned move may have just delayed the inevitable and, as the report suggests, an “avalanche of new repossessions” could be on the horizon.

So keep your eyes peeled in the coming days and months for your winning real estate ticket on Foreclosure.com. Or just use our FREE foreclosure email alerts and we’ll keep our eyes peeled for you.

To check out upcoming real estate auctions from Hudson & Marshall in your area click here.