Posted on May 17th, 2009 by Lindsey Harper

In today’s world, even though the economy is improving, it is still a buyer’s market.  If you have the resources, now is the time to buy cheap homes for investment.  The prices today make investing in real estate worth looking into, and real estate investing is no longer reserved for only the rich and well to do.

Bank foreclosures are a good starting point for investing in real estate.  In my research, I am able to find many cheap homes when they are a result of bank foreclosures.When properties are seized by the bank they want to auction them back to the public at a low price to encourage a quick sale.

For example, I found this listing for a home in Aberdeen, OH.  The owners of the home failed to make proper payments so it joins the list of the many bank foreclosures available today.  The home is 896 square feet with two bedrooms and one bathroom.This home is going for just $14,900.  That price is less than most automobiles.

Aberdeen OH Cheap Homes

My starting place for bank foreclosures is Government Auction Network.  They have an extensive list of bank foreclosures, government foreclosures and local real estate auctions.  No matter where you live in the United States you are bound to find cheap homes to invest in when you look at the listings over at Government Auction Network.  The site is organized and easy to navigate.

Finds at Government Auction Network are constantly changing, because the site makes sure to keep everything up to date.   Join the site today and get started on investing in real estate the smart way.  Don’t miss out on great deals on cheap homes and more.

Contact me with questions.  Click on “About Lindsey” then click on “Just Ask Me.”

Government Auction Network – bank foreclosures – investing in real estate – cheap homes

Posted on May 7th, 2009 by Lindsey Harper

As sad as a bank foreclosure is for the owners, they can be very good news for you. The economy is improving, which is a good thing, but there are still a good number of foreclosure homes available that offer incredible deals.

Hey! Lindsey here!You will want to see this example of an awesome deal on a home. I found this home for sale in Minnesota. This single family home in Minneapolis is priced at just $39, 900. It is being offered so low because it is a bank foreclosure home.

If owners fail to pay on their homes, and the banks take them back, they want to get rid of these homes fast. The re-sale price is incredibly low in most cases.

Minneapolis Bank Foreclosure Home

Where can you find an extensive listing of foreclosure homes? You can find them at Government Auction Network. This is an invaluable site that lists government and bank foreclosure listings for you to take advantage of. No matter where you live in the United States, whether you are looking for a home to live in, or one for an investment only, you can find a home at Government Auction Network.

If you are interested in this home for sale in Minnesota, when you check it out you may find that the home is in excellent condition. One of the advantages of foreclosure homes, for you, is that they are often in fine condition. In many cases, the owner would still live in the home if they had been in a position to continue payments.

If you have any questions about homes in foreclosure, I’m here to help you learn and save money. Click on “About Lindsey” and then “Just Ask Me.” You can be on your way to a great deal on a home!

Government Auction Network - bank foreclosure – foreclosure homes – home for sale in Minnesota

The total number of mortgage approvals for March this year has risen by 4% on the previous month and reached 39,230, and according to new figures released by the Bank of England, the rise in mortgage approvals might carry on going up.

With the extra 4% approved mortgages, the total cost of all the mortgages in March came to £4.6 billion which is an increase on the previous month of £900 million, however, this is only a small amount compared to the estimated montly average of £1.6 billion, it didn’t even meet the increase that was seen in February of £1.5 billion, however, the total amount of money approved through mortgages in March, £4.6 billion, was well over the 6 month average.

There was also some encouraging news from the building societies, the amount of mortgages that have been approved in March has risen to £1,542 million compared to the amount in February of £742 million.

And finally, the British Bankers Association has also released some figures, regarding lending rates to small businesses. Their figures showed how lending from banks to small businesses had risen by £271 million in March. However, these figures do not match with the results that the Treasury Committee released saying how small businesses are finding it harder to borrow money from the banks.

These figures may sound good, however, mortgage approvals is forward thinking, we should be more concerned with actual mortgage lending, which in March rose by £800 million, however, this is much less than anticipated, and a lot less than the monthly average.2 billion.

All these figures may be good news for the economy and housing market, there are still a range of concerns about house prices and how they could slump again, however, even if they didn’t the economy is still in a delicate state of balance.

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