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FORECLOSURES...A BUYING STRATEGY?
Posted by Naples International Group on Wednesday, December 20th, 2006 at 4:16pm.One interesting strategy for investing in a down real estate market is looking at the foreclosure market. I know that for some, it can be a bit disconcerting because of the fact that you are dealing with people who are in a tough financial position. But the reality is that you really aren’t dealing with them at all, you are in fact dealing with their banking or financial source and not the individuals.
After struggling for a bit with the philosophy of providing information on foreclosures, I decided to put up a direct link to foreclosed properties and potential foreclosures in all areas of the country on PreviewNaples.Com. Here you will be able to click on any state in the country, then click on a specific city or area. Prior to viewing the properties, you will be asked to fill out a short form. Don’t worry, no one will contact you other than myself and that will be to see if I can be of further help to you.
The strategy of purchasing foreclosed properties can be, in itself, rather challenging. But if you have the stamina to pursue it to fruition, it can be immensely rewarding. In a down real estate market, it is a strategy well worth investigating.
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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