Foreclosure Fetcher Blog

If you haven’t seen at least one real estate television show in the past six months than you probably sold your TV on craigslist trying to avoid becoming a statistic of the recent foreclosure market.  These shows have been everywhere; Flip This House, Flip That House, House Hunters, My House is Worth What?, and Sell This House! are just a few of the slew of real estate related reality shows that have grown in popularity as a result of the recent housing boom.  As the housing market cools down buying and selling property has become much hard, and these overly positive TV shows are starting to be revealed for their inaccurate portrayal of the real real estate market.

A new show has surfaced just in time to save the entertainment value of Real Estate. “Real Estate Confidential” premiered last Sunday, March 25, at 8 pm et/pt with back to back half hour episodes.  This show follows a team of Los Angeles real estate professionals to reveal everything that realtors do for their client before the actual buying or selling of the home. Viewers will finally be able to learn the nitty-gritty of the real estate process including how real estate agents price homes, the art of the real estate negotiation, how to prepare a home in order to sell quickly, and veteran tactics used for bidding on homes. 

The first episode of Real Estate Confidential is one that foreclosure flippers and those at risk of being foreclosed want to pay close attention to as the housing market cools into an environment that is more difficult to own and invest.  Los Angeles real estate broker, Anne Russel, is tasked to help the owner of a fixer-upper avoid foreclosure. Russel works diligently and tactfully as she attempts to bring the owner out of dept by selling his home well above the current market value.  At the same time Russel is juggling two home flippers in Encino, California who need to sell there house and find another at the right price.

Foreclosure Flippers and home buyers alike can learn a lot from this show. The current subprime lending market has many feeling pressure of possible foreclosure.  Real Estate investing in foreclosures is also proving to be more difficult with the increased rate of mortgage defaults. When the housing market heats back up hopefully you can approach the real estate market from a more educated perspective. www.foreclosurefetcher.com has several free informational resources that can help you in your search for the most profitable flip, or best deal on your dream home fixer-upper.

There is consistantly a lot of buzz surrounding foreclosures.  Real Estate errupted into the entertainment world, and as a result a lot of unique home buying and selling experiences are reaching the masses and becoming generally thought of as truths, when in fact many of them are myths.  Shows about foreclosures, and other fixer uppers are no different.  Take note of these ”5 Foreclosure Falacies” provided to you by www.ForeclosureFetcher.com.

1. Buying a foreclosed home from the bank is the best way to purchase a foreclosed home.
2. Lenders are ALWAYS eager to get foreclosed property off their hands.
3. ALL mortgage lenders advertise and manage their foreclosures in the same way.
4. When purchasing a foreclosed home from a lender there are probably liens against the title.
5. A bank can not make profit when selling a foreclosed home.

 Go to, http://www.foreclosurefetcher.com/foreclosure-info/Fact-and-Fiction-About-Foreclosures, to learn about the details of each of these fallacies, and how the truth can help you buy or sell a foreclosed home.

As we enter 2007 many are predicting foreclosures to increase and the real estate market to slow down.  If you are a wise investor you know that the time to buy is when the market is low.  2007 may be the best time to buy a home for yourself or as an investment.  To take full advantage of the expected drop make sure to use all of the foreclosure tools provided by Foreclosure Fetcher.   

CNN recently reported that foreclosures are up 42% over last year with Georgia, Nevada, and Colorado leading in the most foreclosed properties.  This means that if you are interested in investing in property the time to buy foreclosures is now.  One reason that many are facing foreclosures now is that they bought when the market was at its peak in hopes that home prices would continue to rise.  This did not happen and now they are left holding an overpriced property.  The time to buy is when the market is low or when you can get an item at a discount.  Home prices are dropping and discounts can be found by buying foreclosures. 

Is there really a real estate bubble?  Will real estate prices continue to fall?  Will the market bust or is it at or near its low?  These questions can be difficult to answer with any certainty.  One thing that you can be sure about is that buying a home now can be a risk and that’s why buying a foreclosure may be a good bet.  When you buy a foreclosure you often can get it below market value. So, even if the market falls more you will still be ahead of the drop.  If the real estate market is already at or near the bottom you will only be that much farther ahead when the market recovers.  If you are interesting in buying a house for investment or a home to live in be sure to research buying a foreclosure.  Foreclosure Fetcher has all the foreclosure tools and information you need to make an educated decision about buying a foreclosed property and a database of foreclosed houses in your state and area.