http://www.foreclosureonlinedata.com/bank-foreclosures/north-carolina-bank-foreclosures/ Thu, 10 Sep 2009 18:23:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.foreclosureonlinedata.com/bank-foreclosures/north-carolina-bank-foreclosures/comment-page-1/#comment-16 Reasons to Buy Alabama Bank Foreclosures | Foreclosure Online Data Fri, 24 Jul 2009 12:34:08 +0000 http://www.foreclosureonlinedata.com/?p=60#comment-16 [...] Bank foreclosures are amazing investment properties because of the low prices. When you get a home at such a low price you are making an amazing buy. The houses are usually priced at least 20% less than what the old borrower owed on their loan. The bank doesn’t want to lose too much money. However, if the bank loaned $300k to the borrower and the market dropped the value to $175k then the bank is not going to try to get more than what the market value of the house is. They are just going to take the hit financially. You should expect to see the listed price at least 20% less than market value homes. If the prices are not lower then you want to look at a different investment. [...] [...] Bank foreclosures are amazing investment properties because of the low prices. When you get a home at such a low price you are making an amazing buy. The houses are usually priced at least 20% less than what the old borrower owed on their loan. The bank doesn’t want to lose too much money. However, if the bank loaned $300k to the borrower and the market dropped the value to $175k then the bank is not going to try to get more than what the market value of the house is. They are just going to take the hit financially. You should expect to see the listed price at least 20% less than market value homes. If the prices are not lower then you want to look at a different investment. [...]

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