Long Island turns foreclosures nightmare into American dream (Video)

To search foreclosed homes in Long Island and other New York areas click here.

Online real estate auctions

The June 2009 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which details how you can find and bid on the best foreclosure deals in your area through online auctions.

Foreclosure deals are everywhere. Lenders, banks and others that own large real estate portfolios are looking to move their inventories in new and exciting ways, including via the Internet.

It makes perfect sense — more than 80 percent of house hunters begin their searches online.

Now it’s our job to tell you where to find these types of auctions, as well as all the things you need to be aware of before placing a bid. Auction homes are priced to sell fast within a certain time frame. That means you need to be ready to move at the drop of a dime when the opportunity of a lifetime emerges.

“Investment Exchange” to the rescue! To check out Online Real Estate Auctions today be sure to click here.

Remember that “Investment Exchange” is a FREE resource that Foreclosure.com provides its site visitors. Sign up to receive the educational real estate newsletter each month at no cost right here.

Tips for buying a foreclosed home

It doesn’t matter where you want to settle and grow roots or invest in real estate — foreclosures are scattered throughout the United States and ripe for the picking. Finding the one that is right for you, however, is the true challenge.

Just because a property is termed a “foreclosure” doesn’t mean it’s the best deal available. On the contrary, there are some bank-owned listings out there right now that should not be considered deals because, when compared to the rest of the inventory out on the market, they simply don’t stack up.

So what makes a great real estate deal?

That important question is one that we answer in detail in our May 2009 edition of “Investment Exchange,” which we have dubbed “Prospecting for Great Deals.” Remember that “Investment Exchange” is a FREE resource that Foreclosure.com provides its site visitors.

To check out “Prospecting for Great Deals” today be sure to click here.

It sounds tired and cliché, but the tried and true adage of “location, location, location” still rings true today. Indeed, if you’re going to get into the foreclosure game, you’ve got to do your homework and buy smart.

Of course, a killer location is meaningless in terms of profit margin if you overpay. So you have to price it right and find a below-market deal, as well as finance your purchase on the cheap if and when possible.

How exactly do you do that? We tell you all about it and more in “Prospecting for Great Dealsright here.

Now more than ever, achieving the the American Dream at half the cost is a very real possibility. There has never been an easier, more exciting and lower risk time to buy. But these conditions can’t last forever … the time to act is NOW!

To sign up to receive our educational real estate newsletter automatically each month via email at no cost click here.

How to make money wholesaling houses

Unlock the secrets to one of the best real estate investment strategies of 2009 and beyond: Wholesaling houses.

Sharon Restrepo — who has more than a decade and a half of experience in the industry — is going to teach you how to make serious money fast with real estate, buying and selling properties without ever even owning them, during this FREE 90-minute online training presentation, which is scheduled for Thursday, May 28 8 at 4 p.m. ET.

That’s right, you can make instant cash wholesaling houses in your area with no money down with the detailed instructions and proven plan of attack that Sharon will outline in “Wholesaling Houses for Monster Profits.”

To register now at no cost CLICK HERE.

Wholesaling real estate is quickly emerging as one of the hottest investing options in today’s market because it is risk-free and it has the potential to be an enormous cash cow. Find out how you can become the “middleman” in hundreds of these lucrative real estate deals, lining up buyers and sellers to create your own “Monster Wholesaling Machine.”

Here are just some of the topics that Sharon will cover:

  • Learn how to earn cold hard cash RIGHT NOW … no excuses!
  • Crossover to investing using the most popular investing technique
  • Crack into the business with no real estate license and little capital
  • Create win-win solutions for you and a seller
  • Grow the capital you need to build your own portfolio

Definitely catch this potentially life-changing educational presentation — it’s instant cash at your fingertips … and it won’t cost you a single penny!

Register for “Wholesaling Houses for Monster Profits” before it’s too late. Spots are limited and filling up FAST! CLICK HERE.

Webinars are LIVE educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.

Foreclosure vandalism prompts Palm Beach County response

Palm Beach County, Fla., has been hit hard with a wave of foreclosures, registering nearly 2,500 active foreclosures on its books in April 2009, according to our most recent statistics.

It’s naturally had a significant negative impact on several neighborhoods, which are already struggling to maintain the highest possible property values because of the massive collective dip in home prices that has gripped the entire South Florida region.

As if the growing foreclosure situation and declining home values weren’t enough to handle, vandals and squatters who are often drawn to vacant homes are exacerbating the situation. Indeed, broken windows and the like have forced the county commissioners to take matters into their own hands.

Here’s a snip from Barbara Alterman, head of the county’s planning, zoning and building department, according to a Palm Beach Post article:

“There is a lot of vandalism going on. It is maintaining the neighborhood by allowing them to board up when there is vandalism. It is helping the neighborhood by keeping vandals out.”

Boarded up and shuttered homes are certainly not going to help banks move their inventories any quicker — it’s not the most eye-catching/appealing marketing tactic. These properties also won’t help raise the values of the inhabited homes on the block.

However, it will help preserve the homes until new owners move in, and perhaps more important for you, it could help you get into a very nice home at a price that you can afford. In short, it’s not an ideal solution, but one that you could use to your advantage if you are in the market for a real steal.

To check out the latest foreclosure and other distressed real estate listings in the Palm Beach County, Fla., area visit Foreclosure.com today right here.