There’s a glimmer of hope for the “Sunshine State” housing market, which is among the five “hardest hit” in the nation.

It was hit so hard, in fact, that investors near and far are now snatching up cheap deals left and right with cold hard cash.

Miami Herald reports today that a staggering 60 percent of South Florida purchases have gone to foreign buyers, pushing pending home sales in July up more than 40 percent in Miami-Dade county alone when compared to the year prior (2009).

Jack H. Levine, chairman of the board of the Miami Realtors, is “encouraged” with the latest numbers.

Here’s a snip:

Read the rest of this entry »

Buyer beware!

It’s perhaps the most important nugget of advice as it relates to investing in and/or buying foreclosed homes.

What you see isn’t always what you get, especially when distressed properties hit the auction block. Whether it’s a structural problem that costs thousands to fix or an encumbrance on the title that is virtually not fixable, foreclosures are inherently risky investments.

The Strand family, which purchased a deed at a foreclosure auction earlier this year for $96,000 cash, found out the hard way.

From the San Francisco Chronicle:

Read the rest of this entry »

Get ready Missouri, Ohio, Utah and Wisconsin deal seekers:

RealtyBid.com, which has sold more than 25,000 foreclosed homes to investors throughout the nation in recent years, has more than 400 bank-owned properties hitting the auction block from Jan. 22 to Feb. 2, 2010.

It’s a 12-day super sale with inventory from one major lender. These properties MUST be sold!

Check out what’s available (For complete details click here):

• Missouri (CLICK HERE)
• Ohio (CLICK HERE)
• Utah (CLICK HERE)
• Wisconsin (CLICK HERE)

It’s a 12-day super sale with inventory from one major lender that has RealtyBid.com Executive Vice President Mike Keracher very excited for homebuyers/investors in the area.

Here’s a snip:

“As always, we have discount properties from around the country available on our website. However, one specific lender we are working with has supplied us with dozens of Ohio, Utah, Wisconsin and Missouri foreclosures to auction. This is a banner opportunity to buy homes in these states at unbelievable prices.”

All inventory will be auctioned at the lowest possible prices.

Remember that you have to submit your bids online. So head over to RealtyBid.com right now and familiarize yourself with the bidding process while you zero-in on the property that’s right for you.

Bidding is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale at the upcoming foreclosure auctions in Missouri, Ohio, Utah and Wisconsin, as well as to see when RealtyBid.com will auction homes in your area, click here.

Good luck!

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 »