According to FNC’s Foreclosure Market Report, the foreclosure market has rapidly improved in recent months with foreclosure rates approaching crisis levels. While there is still a demand for homes, home prices and the expectation of a recovered economy have stimulated the housing turnover by prospective buyers who are in a position to take advantage of low home prices.
According to FNC Director Yanling Mayer, this hard data from the past 18 months shows rising home prices and a steady foreclosure market with diminished impact. Meanwhile, a very encouraging trend has been developing, which is the rise in trade-up buyers who are seeing improving home equity as a top priority.
FNC’s report shows that foreclosure price discounts, which compare houses in foreclosure and their market value to the price paid by investors or home buyers, have dropped to a 10-year low. At the time when the mortgage crisis was at its peak, foreclosed homes were typically sold at 25 percent below their estimated market value.
Investing in foreclosed property continues to be profitable with gross capital appreciation, which is the annualized percentage difference between a foreclosed property sales price and the subsequent sale price.
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Foreclosure Cash (http://www.foreclosurecash.net/Guide) was founded by two of the nation’s leading authorities in REO and helps real people get out of debt and reach success more quickly. Founders Anthony and Frank work with a nationwide network of banks, lenders, mortgage insurance companies and asset management companies who deal with foreclosed and distressed properties. Visit the website today to learn more about foreclosure cleanup business and how you can avoid foreclosure and get your life back.
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