NOW is the time to take advantage of the Foreclosure market!!

 As most of us are very much aware, property foreclosures are on the rise across the nation, presenting significant financial opportunities for investors real estate, first time home buyers, and those looking to move up within the real estate market.

A foreclosed property refers to a piece of land or real estate that has been repossessed by the mortgage company or financial lender. During the foreclosure process, the financial institution searches for interested buyers.  In the event that an interested buyer does not wish to invest in the property during the initial stages of property foreclosure, the property will go to auction where it will be sold to the highest bidder.


So, how can you benefit from the current foreclosure market?


Foreclosed properties are often offered at prices significantly lower than fair market value, offering strong financial opportunities to individuals and investors.  Investors can purchase foreclosed properties to resell or rent for an immediate income.  First time home buyers can often purchase a larger or nicer property.   And individuals who are looking to move up within the real estate market can often find a larger property at competitive prices, allowing them to purchase a larger property than they originally anticipated or to buy their dream property at a reduced price.

Whether you are a real estate investor looking to flip properties for a profit, or an individual searching for their first piece of real estate, or looking to move up in the real estate market, foreclosed properties present an ideal buying situation.

New Home Resource, with our years of experience and knowledge of local markets, has the expertise required to help you navigate through the foreclosure market, explaining each nuance along the way.

We look forward to the opportunity to work with you on purchasing a foreclosed

property. Give us a call today.


Penny A. Womack,

Realtor, SFR, ABR