Bank approved short sales are rarely on the market for a day or two as eager buyers are ready to move on these properties and have pre-qualification letters to support their offers.

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Many of the properties offered for sale on homesales.gov have detailed information including pictures, a property condition report, and contact information for more details. Since many of the homes are offered through auction, the bid the bid price and bidding information is presented as well.

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From owning rental properties, to fixing up properties in disrepair, to foreclosure investing, real estate is a bright light in the current gloom of the overall economy. Sure, people are out there losing homes and we wouldn’t wish that upon anyone. That said, these situations create opportunities for investors and also a chance to help someone who needs a solution to their problems.

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“May foreclosure activity was the third highest month on record, and marked the third straight month where the total number of properties with foreclosure filings exceeded 300,000 — a first in the history of our report.”

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The FHA has been known to make loans that traditional banks would not consider and as a result, they have a high rate of defaults. This makes FHA foreclosures some of the best investment opportunities in real estate, as well as a great way to own an affordable home.

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