Homebuyers Finding a Short Sale in NJ Very Attractive

Although the nation offers many opportunities to purchase a short sale NJ is especially attractive to homebuyers interested in short sales right now. First, a short sale comes with a variety of benefits that can be enjoyed anywhere. When purchasing a short sale, homebuyers can enjoy prices that are significantly lower than the home’s actual value. Short sales also offer the benefit of being less competitive than foreclosures and sellers are more likely to be very cooperative when it comes to these kinds of deals. However, when it comes to a short sale NJ itself has some specific benefits making the area very eye-catching for homeowners who want to go this buying route.

Many homebuyers like the idea of living in New Jersey because of the wonderful beaches available that allow people to enjoy swimming in the waves, tanning during the summer, riding belly boards and surfboards, boating and other water activities.

Even during the winter, the shores of New Jersey are beautiful, which attracts many people to the area. Its proximity to New York City is also attractive for buyers that want to work in New York without having to live in the expensive New York area.

Of course, when buying a short sale NJ can offer homebuyers a better economy than other areas of the country. In New Jersey, the per capita income is substantially higher than most areas of the country, making it an excellent choice. Although unemployment has been quite high in the past, those numbers are beginning to fall, showing that the state is beginning to recover. The recovery and addition of more jobs to the area makes a short sale in NJ an excellent choice.

Buying Houses Online-A Whole New Cost-Effective Way to Invest

The world has become a much smaller place since the internet came into its own. We're using the internet and websites to buy and sell nationally, as well as globally. That holds true for real estate as well as for other products.

While it isn't, perhaps as common to buy a house online, it is happening more and more often. People are relocating a great deal due to the downturn in our economy. Quite often they do not have the wherewithal to visit or view the house or property ahead of time. If money is tight and you have to select between taking a nicer house, and flying across the country to view it in advance, I personally choose the former.  I've purchased a home online without seeing it personally several times-- with some great results--and of course some which were not so great. Here is what I have learned from my foray into online home purchases.

Can You Legitimately Buy a House Online-Sight Unseen?

The answer to that question is a resounding "Yes!" You absolutely can find a great home, second home, or investment property online. Do you have to be more careful? Certainly so, otherwise you'll end up with something that may not be all that the owner or advertiser says that it is. I personally have purchased houses in Arizona, Nebraska, Pennsylvania, and am currently reviewing places in Georgia. I've done this about 8 times all told. One was disastrous. I’ll admit that most of that was my fault.  I didn’t pay attention and I didn’t have someone look at the house for me. It cost me in both time and in dollars, but it taught me a very valuable lesson.

You can get some great deals on houses in areas in which you would like to have a second home or a permanent home. It takes a lot of mouse clicks to find what you're looking for.  The first two houses I found were ones I was considering renting. When moving from the very furthest Northeaster corner of the United States to the Midwest, I didn't have a lot of time and money was a bit tight. Finding prospective rental properties was simply maddening in the amount of time that it took to research each one. As I was researching I came across a new item to me. For Sale by Owner houses were popping up in my search. I had no idea what this was and it made me quite curious. It honestly never dawned on me until this search that home owners were so rushed to sell their houses that they were willing to carry the mortgage themselves in order to sell the property.

I had no way to go and actually see the house, so I relied on some friends from online who lived in the area to preview it for me. We ran into a few hitches along the way, but with western Union to transfer the funding and a title company to help to transfer it, the private loan became a reality and the house was recorded duly in the courthouse in our name.  These homes and this type of loan are becoming more and more common and are in fact a legal way to purchase a house. The home, the taxes and all of the other aspects of the house are in your own name. The deed and the purchase are recorded, so if you’re not sure this is a legal method of home purchase, let me assure you, it is.

Bear in mind that not every FSBO home is an owner will carry home. There are those who simply want to sell the house for cash, but in many cases, on For Sale by Owner homes or properties, the seller is willing to carry the mortgage, at least for some period of time while you get established in the area. This is an idea way to go for those who are not certain about the house or property and will not be visiting it in advance.  Homes which are for sale by the owner will normally offer you a better deal financially than those which are offered through a realtor, although of course that isn't always the case.  Finding houses for sale by the owner isn't always an easy task. You will spend hours on the MLS or on virtual venues such as Craig's List in order to find the kind of properties that you are interested in and waste a lot of time unless you learn to use a service.

How Do You Find the Homes in Which You Are Interested?

Buying  FSBO homes is easier however when you’re not spending hours or even days finding the ones that you are, or may , be interested in viewing or purchasing.  That time is better spent working with people to view the houses, or finalizing the deal to actually purchase the house.  Along the way, since that first home purchase online, I’ve learned a few lessons and have a few tips to pass along to would-be internet home buyers who may not be able to see the house on their own until they take possession.

Top Tip for Online Home Buyers:  

• Make sure that SOMEONE - even if it isn't you - gets current photos or actually visits the house for you.
• Take the home inspection when it is offered. It’s just good sense when you aren't going to view the house in person.
• If you can afford it, join a site to find the houses you’re going to want to purchase to save time and effort. This is the best piece of advice that I can give to anyone. The time factor that is spent in researching these houses is astronomical. If you can get all of that research in one place, do it, even if you pay a little for it. 

There are wide arrays of sites online that will help you to find the FSBO homes that you’re interested in. While it’s not the hard and fast favorite, the one that I found most unique and full featured was RealtyStore.com. Realty Store is what most people use when seeking a foreclosure, but I found it was actually more helpful in finding an FSBO than most sites which were actually fully dedicated to FSBO.
While it may cost a few pennies a day, one stop shopping, to me, will always be the way to go. That first house took several weeks to research and to get back responses from the people involved because the email was not updated.  A realty company was handling it, even though it was an OWC or "owner will carry" house.  They got a huge bite of the cost of the house and as such, my price, of course, went up to compensate the seller for that.

In cases of FSBO houses, sites like RealtyStore.com take out the middle man and put you directly in touch with the buyer. They also take a far lower fee. In addition, you have far better ways to research the materials than I originally had. My first method of buying a house online consisted of finding the MLS for the given state. I then perused it to find out what was for sale. I then reviewed any which said FSBO might be possible. Then it took several more days to research the house and the area, as well as to ensure that the property was clear and able to be purchased.

I found that I could look up the state, then view the cities and areas, as well as to search it by other criteria that I was interested in.

RealtyStore.com View of FSBO State Table

It was remarkably easy to find houses that I was interested in and the company offers services such as home inspection companies, as well as people who will go out and take photos or video of the home and property for you to review in a close up and personal way.

Clicking on the state name takes you to this information.

The search was a vast amount more rapidly done. The screen captures will show you why that was the case. Rather than having to review each home and then find and dig up the statistics about it online in other places, I love to use sites such as the one at RealtyStore.com offer you that information all in one place.  You will navigate fairly easily (well, that is true on most sites, but if the navigation is circuitous, find another site.) from national, to state, to local areas and be able to search by those for FSBO homes.

Local areas, searchable by several criteria.

The figure that you see below shows you the many different ways that you can search on sites such as these. Today, it isn't at all uncommon to buy your house online, to pay your down-payment through Paypal or a bank wire transfer. Before you put the money down, do your homework. Get in touch with the people from whom you will buy the house, get that home inspection and most importantly, get someone to visit the house for you, which is one of the services that RealtyStore.com actually offers you.

There is a cost for membership to the site, but there is also a trial membership for most sites of this type. Take advantage of that trial to ascertain if it’s the kind of site that will help you in the long range. I’m guessing if you’re serious about buying a house online, it will benefit you greatly. Normally the cost is about 30 to 50 cents a day. When I’m considering spending thousands and putting down a down payment on a place I've never seen, I think getting good information is imperative. Getting it all in one place saves you time and money—and quite often, using a service helps to prevent nasty surprises.

3 Reasons to Consider Rent to Own Homes in San Diego

Although many people look at San Diego as an excellent tourist destination, the city also has much to offer residents that choose a rent to own apartment or home in the area. Although the weather, beaches and tourist attractions are definitely excellent drawing points, those aren’t the only reasons to consider rent to own homes in San Diego. If you’re deciding where to relocate, here are a few reasons to decide on San Diego as your new home.

Reason #1 – Enjoy a Solid Economy

One reason to consider rent to own homes in San Diego is to enjoy a solid economy. Finding a city with a solid economy has become difficult within the past few years, as the entire nation has suffered from the economic downturn. However, with an economy that has turned from a military base into an economy solidly based by high tech companies involved in worldwide trade, this city’s economy is performing better than most around the country. A solid economy means jobs, a better standard of living and more.

Reason #2 – Low Levels of Crime

Another reason to consider relocating to this area is the low levels of crime reported in San Diego. The city is one of the safest found in California, which is impressive, since it’s the second largest city in the state. Crime levels continue to fall, offering families a safe place to live.

Reason #3 – Real Estate Prices are Dropping

Real estate prices are also dropping, which is another great reason to consider rent to own houses in San Diego, CA. Prices have gone down significantly, making it an excellent time to buy or rent within the city.

Homebuyers Seek Rent to Own Homes in Reno NV for These Top Reasons

When many people think of Reno, Nevada, casinos are often the first thing that comes to mind. However, this city is attractive to more than just gamblers today. In fact, many homebuyers are searching for rent to own homes in Reno NV. Why are so many buyers seeking homes rent to own in the area? Here are some of the top reasons that homes in this city are a hot commodity.

Reason #1 – Enjoyable Weather

Many people consider the weather of a location before deciding to relocate. Since this is the case, it’s easy to see why people are so thrilled with the climate in Reno. The climate is moderate all year long. Although it offers distinct seasons, few extreme temperatures are seen, which is attractive to many people who prefer to avoid extreme cold and extreme heat. The sun shines on most days and the humidity is low.

Reason #2 – Great Benefits for Businesses

Another reason that homebuyers seek rent to own homes in Reno NV is because the area is such a great place for businesses. The city charges no corporate tax, making it attractive to businesses. No personal income tax is charged either, which makes it popular among consumers. Many businesses have relocated to the area to enjoy the benefits available to businesses. Although Reno still has higher than average unemployment rates, the business breaks and benefits do make the area attractive to businesses, which attracts consumers as well.

Reason #3 – Low Cost of Living

Of course, the low cost of living is attractive to most homebuyers, making rent to own homes in Reno NV a popular choice. The cost of living is lower than the national average, which is beneficial to families that are looking for ways to save money.

Learn Why Homebuyers are Seeking Rent to Own Homes in Midland TX

Homebuyers are actively seeking rent to own homes in Midland TX and they are doing so for a variety of reasons. From the growing economy to low unemployment rates, there are many reasons that homebuyers should consider houses for rent to own in the Midland area.

One big reason homebuyers seek rent to own homes in Midland TX is the thriving economy. Much of the country has been hit hard by the economic downturn, making it difficult to find a place to live that has a solid economy. In spite of the country-wide economic problems, Midland continues to keep its economy strong. The population is growing. Retail in the area is growing and many companies offer jobs in the area.

Yet another great reason homebuyers are seeking houses for rent to own in the Midland metro area is due to the very low unemployment rate. With unemployment just above 4%, these numbers are less than half that of national unemployment numbers. Finding a job is important to anyone relocating to a new area and with a positive job growth, this area offers new residents excellent job opportunities.

For families, the educational opportunities draw them to rent to own homes in Midland TX. Excellent public schools are available, as are private and charter schools. Those who send children to the public schools will appreciate the 15:1 student to teacher ratio, which quite low. The fact that the public high schools send many students on to college is important as well.

These are only a few of the reasons that homebuyers are seeking rent to own homes in Midland TX. With these benefits in mind, consider beginning your own search at RealtyStore.com.

Top Reasons Buyers are Choosing Houses for Rent in Cleveland TN

Cleveland, Tennessee has been in the national and international spotlight as a city of great diversity and an excellent place to live. Not only have big publications like USA Today, Business Week and Forbes noticed all the benefits this city has to offer, but many individuals are choosing houses for rent in Cleveland TN. The following are just a few of the big reasons that people are choosing to rent homes in Cleveland.

Reason #1 – Affordable Rent

One reason that buyers are choosing houses for rent in Cleveland TN is because of affordable rental prices in the area. The city’s median rent is $600 and the combination of affordable rent and a low cost of living make this area an excellent choice for money conscious individuals.

Reason #2 – Job Opportunities

Houses for rent by owner are being chosen by buyers in the Cleveland area because of the job opportunities available within the metropolitan area. The unemployment rate within the city is lower than the national average, making it easier for individuals to find jobs. Manufacturing is also big within the area and with new manufacturing plants recently coming to Cleveland, it offers more job opportunities than many other cities around the country.

Reason #3 – Short Commute Times

Cleveland also boasts short commute times that are much shorter than the national average commute time. Those who choose houses for rent in Cleveland TN usually end up enjoying commute times of only 20 minutes or less.

Tips for Finding Lease Purchase Homes in GA

Are you interested in lease purchase homes in GA, but not sure how to go about finding them? Rent to own homes offer a non-traditional way to buy a home, which can be helpful to those who don’t qualify for traditional lending. If you’re interesting in going the lease option route, here is a closer look at how to find some great rent to own properties in the state of Georgia.

One idea you can use to find lease purchase homes in GA is to do an internet search. With a good search engine, you can search with relevant keywords, which may allow you to find some rent to own options in the state. In some cases, you may be able to find some listings on websites like Craigslist as well.

Of course, one of the best tips for finding lease purchase homes in GA is to use RealtyStore.com. This website has a helpful search engine that helps you search through areas in Georgia for the rent to own homes you want. If you’re interested in a specific city or county of Georgia, you can use the search engine to help you find results in that specific area. RealtyStore.com offers a one-stop place to find lease purchase options and many other non-traditional properties for sale as well.

Finding lease purchase homes in GA on your own can be difficult. However, by using RealtyStore.com, you can find excellent results that will help you find your dream home for a great price.

How To Recover From Hurricane Sandy With HUD Homes

In the wake of the devastation wrought by Hurricane Sandy, the federal government is offering stated that were affected to declare a moratorium of 90 days on foreclosures, however, the state of Connecticut has declined this assistance.

Commissioner of the state’s Department of Banking assures the feds that they do not need this moratorium because the major banks are doing their part in the area of disaster relief by working with residents affected by this enormously disturbing event. Owners of HUD homes that were damaged or destroyed should be relieved to hear this good news.

With many of the HUD foreclosures also damaged by the storm, HUD homes for sale are likely to be available at extremely low prices over the coming months.

HUD has also reported that they are going to offer forbearance on Federal Housing Administration-insured mortgages that have been in foreclosure, as well as making available FHA mortgage insurance available to those who wish to rebuild or purchase new homes after losing theirs during Sandy.

It is also recommended that those individuals who need assistance after losing their homes or incurring devastating damages should contact their mortgage lender to determine the options they have.

It is very likely that HUD will have increased numbers of homes to sell in the aftermath of this storm. HUD homes for sale offer the opportunity for home buyers to take advantage of some pretty hefty discounts as this area of the nation recovers from Sandy. As a matter of fact, HUD already had an inventory of vacant homes and foreclosures on its books prior to this incident.

To learn more about HUD homes, visit RealtyStore to get more information on HUD homes for sale. The Guide To Buy HUD Homes found there will help you learn how to buy your own HUD home.

HUD and FHA Lower Barriers To The Purchase of Mortgages For Distressed Hud Homes

HUD Homes are a Good Buy

Even as the US housing market starts to pick up steam, many real estate investors and prospective home buyers are noticing that now is one of the best times in many years to purchase real estate, whether as a residence or as an investment property. The federal department of Housing and Urban Development (HUD) has recently announced competitive auctions at which mortgage loans for single family HUD homes in default will be sold.

These mortgages will be sold in pools as part of the Distressed Asset Stabilization Program (DASP), an expanded version of a previous Federal Housing Administration (FHA) program in sealed bid auctions to be held in September of 2012; qualified buyers and investors will be allowed to bid for ownership interest in these distressed properties. Buyers who win these auctions will then have the opportunity to either earn an income through becoming the servicer of these defaulted mortgages.

The goal of the program is to help along the recovery of the housing market in the United States, especially in metropolitan areas which have been hit especially hard by the housing slump and foreclosure crisis. HUD has said that they see benefits for both buyers as well as the purchasers of distressed HUD homes. Purchasers who choose to service the mortgage will be able to earn an income from the homeowner’s mortgage payments, while at the same time providing a service to the surrounding neighborhood and the community at large by keeping these properties out of foreclosure listings.

The sale of these assets will also benefit the housing market as a while by reducing the Federal Housing Administrations costs and essentially, freeing up assets for this government agency to put to use helping other Americans become homeowners and fueling the housing sector’s recovery. Similarly, homeowners who are in default on the mortgages which are being sold at auction by Housing and Urban Development may have the opportunity to stay in their homes by working out a loan modification with the purchaser of their mortgage. Many other homeowners may be able to negotiate a lease arrangement and stay in their home in this manner.

Who Qualifies To Participate In The Auctions For Defaulted Mortgages On HUD Homes?

The FHA has announced the eligibility criteria for participation in the auction program. According to the FHA and HUD, qualified bidders who will be approved to submit sealed bids for distressed HUD mortgages must have a net worth of $5 million or more (with this figure to be calculated in compliance with Generally Accepted Accounting Principles). Unfortunately for the average would-be homeowner, it seems that most bidders will need to be corporate entities of some sort, including limited liability companies, partnership, business trusts, investment companies, banks and the like.

However, there are plenty of options available to buy homes at very low prices even for those who do not qualify to bid for these federally administered auctions. There are a large number of foreclosed properties currently on the market and for prospective HUD homes buyers who know where to look, there are foreclosure listings available which include residential and commercial properties located in every part of the country.

Websites like RealtyStore.com offer listings of HUD homes and extensive nationwide foreclosure listings, as well as rent to own properties, properties for sale by owner and other homes and commercial properties which are available at costs far lower than they would be available through traditional real estate transactions. Unfortunately, not many people will qualify to take part in the HUD/FHA auctions for the distressed mortgages on HUD homes, but with so many foreclosures and other non-traditional home purchase options available at present, it’s still a perfect time to buy a home, no matter who you are.

Why Own to Rent is Not the Best Choice for You!

Bank of America is trying a new approach to help people get through the recent economic troubles, but where rent to own housing was such a success, the new own to rent housing is looking like it’s not as popular – and certainly not the kind of thing that a wise investor would consider!

The housing market has been a bit tight recently, and the truth is that millions of people around the country have felt the crunch as the economic situation slowly wobbles its way to recovery after the Great Recession of 2008. Though many believe that the situation has been left far behind, a closer look at the financial markets shows that things have only begun to improve in the last few months. While the housing market has taken a turn for the better, things haven’t quite yet stabilized.

Bank foreclosures have been higher than normal in the last few years, and the rent to own houses arrangement has proven to be a boon for all. Many people were able to live in homes that they currently were renting, but they were able to tack on a rent premium that went towards the closing costs of their new home once their rent agreement expired. This was a huge help for people who were recovering economically, but who were unable to purchase their dream home at the moment. They could rent the home, and thus put aside towards buying it in the future. Most of these rent to own leasers ended up with a bit more equity on their home than they expected.

However, the new Bank of America initiative is actually the opposite, and the new "own-to-rent" option is taking a lot of flak from real estate professionals around the country.

Where rent to own housing enabled people to rent houses in order to buy them from their owners, own to rent housing is exactly the opposite. The owner of a house at risk of bank foreclosures is actually able to sell the deed to the bank, but they will be able to continue living in their home. They will basically rent the home from the bank that was about to foreclose on them, and they will no longer be the owner of their house.

No doubt you can see why this is such an issue for so many. While the rent to own option encouraged people to move into the house that they would buy within the next few years, the own to rent option is basically the bank saying, “Sure, we own this house, but we’ll have pity on you and let you continue living in it.” The house that once belonged to the occupants is now owned by the bank, and they are living in a home that they now have to pay rent for.

The bank is claiming that this option will allow those that are suffering from economic hardship to be able to continue in their current homes, ensuring that they aren’t evicted just because they are unable to pay the mortgage on their homes. The option offered by Bank of America is available to those that are more than 60 days behind on their mortgage payment, as well as for those that owe more on the mortgage of their home than they have in home equity.

This option has received mixed response from the public, though the majority of experts agree that this own to rent option is not the best choice for most. While it does give those with economic hardships the ability to continue living in their homes, it often means that they will continue to live beyond their means in a home that they were unable to afford in the first place. The bank has bailed them out, but they will continue to dig themselves deeper into financial holes.

On this topic, Jack Philson of RealtyStore.com commented, “While this allows both lender and borrower to avoid foreclosure proceedings, it's sad to see people deprived from their home ownership dreams. We'd encourage banks to consider more of a lease option approach, where the now-tenant would have an option to buy his/her home back in two or three years through a balloon payment, essentially a second down payment."

Jackie and David Siegel, the former King and Queen of Versailles

Riches to rags, not rags to riches is the theme of the Queen of Versailles, the story of David and Jackie Siegel, told through the eyes of a photographer who gets to see them first hand. Though they aren't the most wealthy family in the world, or even close, they are in fact billionaires in their own right. That, however is changing as bank foreclosures loom on a house that isn't quite built yet, but which was slated to be the very largest home in the United States. At 90 thousand square feet, the amazing house which is now subject to bank foreclosures and short sales like the rest of the world is nothing short of spectacular.

Bank foreclosures were the least of their worries when it came to the Siegel's much vaunted lifestly until very recently. Now their home is for sale for a cool 75 million dollars. David, arrogant to the end, on camera told how he handed the state of Florida to candidate George Bush in ways that could have been illegal according to him, making many question if that same methodology was used the last time around.

The Siegels are a study in the problems that can take place when anyone relies too heavily on the housing market goes. Nothing if not arrogant, Siegel touts himself on camera as the person who handed the state of Florida to George Bush in ways that frankly, may have been less than legal. Getting that kind of press and being a billionaire is a lot to look up to. Siegel is possessed of a vast amount of hubris, while Jackie Siegel appears to be nothing if not naive and unaware of what constitutes the real world.

The joke of the year has been that Jackie Siegel, in an effort to save money --economized by using the stretch limo to go to McDonalds to get their meal. Somehow that doesn't seem much like tightening their belt to the rest of the world. Faced with foreclosure and the loss of the lifestyle they are accustomed too, it doesn't seem that learning how to live on less is something they are going to embrace any time soon... even if short sales claim the largest house in the United States.

HUD’s Online App to Help Potential Home Buyers

One of the most important things that home buyers looking to buy cheap homes have to consider while making their purchases is the location where they wish to move to. Till now, people used to just choose their preferred locations for buying HUD homes on a vague reputation amongst their social circles. However, all this is set to change as potential home buyers can now choose the location where they want to purchase HUD homes. This can be done by analyzing various locations through an online app released by the Housing and Urban Development Department.

The new online app is designed to contain and display a lot of information for almost all locations in the country with regard to various aspects ranging in the hundreds. In other words, the app that has been termed CPD Maps will allow different segments of the population such as government professionals, real estate investors and even individual buyers to access neighborhood statistics as well as census information.

This will allow potential investors and buyers of HUD homes to analyze locations where they may be considering buying cheap homes. The CPD Maps will also allow people to see where all the federal grants are being spent and what it takes to get grants sanctioned for neighborhood projects from the federal government.

Government Needs to Help Buyers of HUD Homes More: Housing Chief

The Secretary of Housing and Urban Development has recognized the plight of buyers of HUD homes by recently stating that they need to be given more support by the government. The statement came from Shaun Donovan in a round table discussion with people from Consolidated Credit Counseling Services and Alcee Hastings from D – Miramar that was held in Fort Lauderdale.

Shaun Donovan also stated that the United States government can provide this greater help by simply passing the “To – Do List” put forth by the President of the country, Barack Obama. The list from Obama focuses on a series of wide ranging reforms designed to help the mortgage refinancing industry of the country. According to officials, the reforms have the potential to help many homeowners in the country recapture equity in their homes.

While the sale of cheap homes in the country is rising along with the offloading of HUD homes, certain quarters of the industry watchers state that this improvement can be low-key in nature as the number of foreclosures are still expected to be high. The problem with existing instruments, as per many HUD homes buyers and cheap homes sellers, is that lenders are uncooperative and government backed programs are too restrictive.

Using Online Sites to Search for Foreclosures

Everywhere you turn people are talking about bank foreclosures and what a great way to buy a cheap home online. The only problem is that many banks and lending institutions do not put a big sign in the front yard announcing bank-owned homes. Years ago, watching the newspaper for auctions or waiting on realtors to list bank foreclosures was the only way you knew when these were available. Today, online sites have taken the lead in presenting the latest in all types of homes for sale.

Finding a good site that offers more than general information on the price and approximate location can take days of sifting through the thousands of bank foreclosures available today. However, there is one sight that will walk you through the entire process of finding homes, various sorting options, advice for obtaining mortgages and major points to look for in making the absolute best investment.

RealtyStore.com Foreclosure Listings site

RealtyStore.com main page, Members' Area

RealtyStore.com is a unique website that shows homes all across the country that meet certain criteria.
Here are some of the sale types you'll find on RealtyStore:

•     Pre-foreclosures
•     Foreclosures
•     Resale (MLS)
•     Owner Financing/FSOB
•     Rent to Own/Lease Option
•     Auctions/Tax Sales

In addition, RealtyStore.com is a user-friendly site that provides as little or as much information as you need. No researching or looking up maps on the Internet is ever needed and helpful neighborhood demographic statistics are shown for each individual property.

Try a few examples and see how you can be on your way to finding the best deals possible from the comfort of your home or office.

The first thing to do is sign up for membership at RealtyStore.com. Once this is completed, follow to the listings page. Here is where you can select any desirable area and begin your search. Notice that the six options listed above are offered. We are selecting only Columbus, Ohio foreclosures. The results narrow down the cheap homes for sale down to 1,363 foreclosures in this area.

Search results for Columbus foreclosures on RealtyStore.com

On the left-hand side of the screen, you will see a list of Sale Type, Hot Deals, Property Type, Home Features and Price. You can also select to view only those with pictures available. In selecting bank foreclosures under Sale Type, single family home under Property Type, $25,000 to $100,000 Price the search produces 505 results. When we also specify "only those with photos" the search returns 159 properties.

By selecting "only those with photos" the results narow down to 159 foreclosures.

Immediately above the listings there are four green boxes that provide Listings, Map View, Neighborhood and Stats & Trends. These maps and additional information are helpful in learning the areas that are most attractive. Immediately below this section you are given the option of several new sorting options.

•     Price
•     Square Feet
•     Auction Date
•     Most Recent
•     Sale Type
•     Property Type
•     Smart Zip

Smart Zip Home Score and Investor Score is an amazing little tool that gives you the insider knowledge of finding the best deal. Having negotiating power is everything in getting a motivated seller to make a deal and the Smart Zip has done all the legwork for you. Let's sort by Smart Zip Home Score and see what turns up. With just the click of your mouse, you are now looking at a sorted list of the highest rated REO forcrlosure homes in Columbus, Ohio.

Select the first home and you will be taken to a complete Property summary, map of listing and a snapshot of the property area. The Price Info tab provides Key Investment Indicators such as:

•     Appreciation
•     Affordability
•     Cashflow
•     Safety
•     Schools
•     Lifestyle

With these facts in mind, you are better able to establish the investment potential and cash flow. There is also a built-in financing calculator for creating your payment schedule while still on your property page to make a determination on a fixed-rate mortgage.

Take your time and sort your area selections according to what is important to you and once you have a few properties in mind, check out the rest of the helpful information of the site.

Tricks to Instant Financing

No one said it would be easy to purchase bank foreclosures especially in the changing nature of the lending institutions. RealtyStore.com has done the work in establishing the latest rules of the funding market. By using the information available on credit management, improving your financial health and keeping a close eye on your credit score, you will find yourself in a perfect lending position.

Learn what type of mortgage loans are available in the area you have selected and be prepared with meet with a lender with confidence. Nothing is worse than being totally in the dark when dealing with loan officers. Besides the fact that you have just wasted your time and theirs, a home may have slipped through your fingers. Visit the Get Approved pages on RealtyStore.com's Members area and find out what is needed to improve your credit score, how much monthly payments will be and ways to create more purchasing power.

Never Feel Alone

All types of individuals and investment firms are seeking to increase portfolios on the recent turn of events that have caused the market to be flooded with bank-owned homes. Find the latest news on area bank foreclosures listed on the Foreclosure News page and visit the Foreclosure Blog under the Foreclosure Trends tab. Here you will stay abreast on latest developments in discounts, creative financing, inventories and trends in the bank foreclosures market. Social networking through Facebook gives you the opportunity to meet others with the same goal in mind as yours and lead you to new connections and friends.

Learning Made Easy

Bank foreclosures offer a whole new world of excitement, income potential and a career in an area once described as bleak. RealtyStore.com takes you from the beginning stages of real estate and leads you through tutorials that explain the industry like you have never seen. Timing is everything in the world of bank-owned homes and taking action now can land you right in the midst of many opportunities.

Twelve chapters covering everything from reasons for investing in real estate to how to find your niche in pre-foreclosures, auctions or tax sales are illuminated step-by-step to help you decide on your journey. Additional explanation as to what to look for in For Sale by Owner and Short Sales are also presented in easy to understand terms. Hard to find subjects like HUD Homes and Alternative Financing is also presented so all options are at your disposal. Once you are familiar with the terminolgy and workings of the industry, you'll wonder why everyone is not eager to take advantage of bank foreclosures.

Laws and Other Concerns

Understanding how the foreclosure laws operate depends on the state in which the property is located. Each state governs their own set of rules over the foreclosure procedure and possible elements leading to the action. It is imperative to become familiar with the state law of bank foreclosures in order to learn the different variables that exist. Dealing with numerous states can be difficult and it is recommended to seek further help from a local real estate lawyer to explain the differences. You can find a listing of all states and regulations by visiting Foreclosure Laws listed under the Realty Guide at RealtyStore.com.

FAQs

The jargon of the real estate industry and bank foreclosures can seem foreign and hard to remember but the FAQ section explains each term in language that you can easily understand. Questions like 'What is a FSBO?' are spelled out in clarity and before long you will be a pro at using these terms.

RealtyStore.com is only one of many online sites that offer the latest in bank-owned homes.
The difference is the facts, training and exposure that this site provides to anyone wishing to take advantage of bank foreclosures. Without the knowledge and preparation required for taking this step, you could end up with less than bargained for. Study with the experts that have made it their job to present as many facts and details that are necessary in purchasing a home to live in or making a career out of real estate investments. If there is anything missing or hard to understand, RealtyStore.com also provides assistance through email or phone.

Buying Houses Online-A Whole New Cost-Effective Way to Invest

The world has become a much smaller place since the internet came into its own. We're using the internet and websites to buy and sell nationally, as well as globally. That holds true for real estate as well as for other products.

While it isn't, perhaps as common to buy a house online, it is happening more and more often. People are relocating a great deal due to the downturn in our economy. Quite often they do not have the wherewithal to visit or view the house or property ahead of time. If money is tight and you have to select between taking a nicer house, and flying across the country to view it in advance, I personally choose the former. I've purchased a home online without seeing it personally several times-- with some great results--and of course some which were not so great. Here is what I have learned from my foray into online home purchases.