How To Buy Homes up to 90{4d40cc26d078fd4100d2daf00165e0560f17ee302de6bc2409b7ee95793dc9eb} Off

Did you know that homes and valuable property are available for sale in every region of the United States for prices that are up to 90{4d40cc26d078fd4100d2daf00165e0560f17ee302de6bc2409b7ee95793dc9eb} off their regular value?

Foreclosed and repossessed homes are flooding the inventory lists of banks, mortgage lenders and government offices as the housing market tumbles nationwide.

This poses a problem for the financial industry and for the government as well. The reason is that these institutions are in the business of lending or guaranteeing the loans on homes.

They are NOT in the real estate business. And they DO NOT want to own these homes. It is a nightmare for them to maintain the homes, keep up repairs, secure them from vandalism and theft, just to keep them on the books as a burden to their portfolios.

They would much rather get rid of them, even when that means a loss, in many cases a major loss. That’s OK with them, they just take a write off, and do this on a regular basis.

The secret that many don’t know is just how common a practice this is. Every month there are almost unknown government and surplus home auctions in every region of the United States. The purpose of these auctions is to sell these homes and get them of the books, fast !

If you know where the auctions are held, and better yet if you know what homes will be sold, you can in fact buy a home for up to 90{4d40cc26d078fd4100d2daf00165e0560f17ee302de6bc2409b7ee95793dc9eb} off the regular retail rate.

What types of homes are available?

Get ready for a surprise. Every type of home imaginable is sold under the hammer of these auctions including: custom homes, country homes, city homes, suburban homes, fancy luxury homes, condos, duplexes, triplexes, multi-family, vacation homes and more.

If you are looking for a certain type of home, for example a 4 bedroom home on a golf course in Florida, you may be able to find exactly what you are looking for without the help of realtors, without paying retail, without paying commissions and without burdening your family with a high mortgage obligation.

Why are all these homes available?

Homes are sold at auction for a number of reasons. Here’s a few examples:

Foreclosures- When a homeowner is unable to make the monthly payments on a home mortgage over a period of time, the lender may be forced to foreclose on the home and evict the homeowner. Contrary to popular belief, lenders do not relish kicking people out of their homes and reselling the homes for a potential windfall profit. As we said earlier, this is not their business. The home they are forced to take back becomes an albatross around the financial neck of the lender. Their only real interest in most cases is to sell the home as soon as possible and write off any losses.

Tax Sales- When real estate taxes become delinquent, the taxing jurisdiction may take the property in lieu of payment of the real estate tax obligation. Much like the case with lenders who foreclose, the taxing authority, will seek to auction the home off as soon as possible to recoup delinquent taxes.

When a home has a small or no mortgage encumbrance but becomes available at a real estate tax sale auction, a real opportunity exists to buy homes for pennies on the dollar. You may have seen some late night TV infomercials telling you that you can buy a $75,000.00 home for $687. or some other minuscule figure. While most tax sales properties don’t sell quite this cheap, the premise is accurate that valuable homes, land and property can be bought for pennies on the dollar.

IRS Auctions- Recouping delinquent tax obligations is the singular focus of IRS auctions. Homes and valuable property of all sorts can be purchased for very low prices by attending one of these special sales. They are held in all regions of the country on a fairly consistent basis

DEA Auctions- The Drug Enforcement Administration confiscates all sorts of homes, jewelry, land, cars, boats, RVs, planes, you name it ,while chasing bad guy drug dealers. The property which has been purchased with the blood money of drug lords can be confiscated immediately by the government. This valuable bounty is then sold at special auctions and the funds are frequently placed in a fund to help the DEA pursue and capture more criminals.

How to get started finding homes and property that will be sold this month?

Do a special search for the updated lists of homes and other property that will be auctioned off in your area by government and surplus homes auctions. Once you have this information, you will be ready to cash in on these opportunities for you and your family.

And remember, homes are not the only bargains that you can find at these auctions. Inventories of cars, boats, jewelry, RVs, land, and more also are auctioned to get them off the books of government agencies and banks who have repossessed or confiscated them. Get hunting and good luck !