Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders Even though the number of foreclosures is at the highest since the Mortgage Bankers Association began keeping records in 1979, they are concentrated in a few states and still represent fewer than 2 percent of all mortgages. And while foreclosures can be deals, not all are bargains. Pitfalls vary. The likelihood of making money on foreclosures has not necessarily increased with the rise in foreclosures. Certainly bargains exist, and the occasional unsophisticated buyer has gotten a great deal in the past, fixed the house up, lived in it and sold it several years later for great profit. But making money in foreclosures can be trickier now that the market has soured because prices have not yet bottomed out in some regions.

click here for articleforeclosures

search for : ,