Foreclosures can be a great way to enter the real estate market with a great deal on a house. Here are the Top 7 reasons to consider investing in a foreclosed home.

1. Below market prices. Foreclosures are a great way to get a property at a deep discount. Some foreclosures sell for as low as 20 - 50 percent below market value. What a bargain!!

2. Very motivated sellers. When a home is in the foreclosure process, the homeowners need to sell and need to sell FAST. They are on a tight deadline to sell before the bank takes over, and will settle for a much lower price than if they were simply selling as a choice.

3. Fast closings. Because the bank is in the business of making loans and not holding real estate, they will want to get the deal over with as quickly as possible. And because you got such a great deal on the property, you'll have no problem flipping it quickly and easily.

4. Low risk investment. As long as you do your homework, know the local property values, and check out the house before you buy, you are in great shape to turn a profit with your foreclosure purchase.

5. Lots of foreclosure listings There are many free foreclosure listings available, many of which are updated very frequently. So finding the deal of a lifetime is as simple as checking foreclosure listings, local real estate agents, and local newspaper listings.

6. Low capital and credit requirements. The banks and homeowners are happy with finding a buying on th other end, even if they don't have a lot of upfront capital or great credit. And because you can flip the house so quickly, you may not even need to take out a mortgage.

7. Save on commissions. Buyers of foreclosed homes usually do not have to deal with a real estate agent, often equaling a savings of thousands of dollars on top of an already amazing deal!

More info on your stop foreclosure information search:

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