Lancaster (PRWEB) March 7, 2008
Profit Lance Systems today launched a new blog on foreclosure investment basics. Many economic forecasters are predicting an increase in foreclosures over the next couple of years. While it's not likely to be a uniform rise in every market, there are some issues that could create significant opportunities for real estate investors in many markets.
Tens of thousands of dollars can be saved on the purchase of a home by investinng in either a foreclosured, or pre-foreclosured property. When trying to purchase a home, especially for the first time, it is important for potential buyers to get the most "bang for the buck". This requires special knowledge and guidance.
As there are huge profit margins in foreclosures properties ca be purchased anywhere from 20 - 40 percent under market value. This makes foreclosures so attractive, since the property can be sold to a buyer under market value and a substantial profit made.
At the time of writing, interest rates are among the lowest they have ever been since the 1960's allowing many individuals to qualify for a loan. This is great for investors, because buyers looking for good deals can be easily found.
The newly launched Basics of Foreclosures blog provides important and strategic information to potential investors. In particular it covers the most essential elements that must not be overlooked when purchasing foreclosured property including: Loan and mortgage documents; Loan amount, monthly payment and interest rate; Any outstanding taxes; Existing insurance policies; Any other liens or judgments.
To learn more, please visit the the website: