Friday, July 24, 2009

California Foreclosures Good Or Bad

California Foreclosures are on the rise is this good or bad? Well it’s good for first time home buyers and people who profit
Off of Foreclosures. Its bad for those who have a home that is being Foreclosed, how to avoid foreclosure, well if you’re a first time home buyer make sure you have a good steady job. Don’t rush into buying a house that real estate agent think you can afford. Foreclosure is kind of like a game of who has enough money to pay for their house. Some people also think that if you
Buy a cheap house or get a home loan you’ll stay afloat, wrong if you lose your job how are you going to pay for the house?
There have been some rumors going around that you can get a grant to pay off your house before you lose it. Well you still got to pay a yearly property tax. You got to have home owners insurance whether you paid off the house or not.
Some people who make money in the real estate business by buying foreclosed homes also have to get them insured
And a lot of them rent them out to people as rental properties. If you heard of the money in the cash flow business finding notes to foreclosures and selling them. That’s just a scam if you seen it on TV and it’s an infomercial it’s most likely a SCAM!

So Just do research and search for foreclosure, bank owned homes or land foreclosures
And find a list of foreclosures in your area just don’t pay for anything that is month to month.
A dollar for a list of foreclosures should do I you can’t find any one ebay.

No comments:

Post a Comment