St. Louis Foreclosures
Government spending is up. Inflation will follow. Where should you invest your money today?
CNBC.com reports that real estate is an excellent investment in this economic climate. Values are down, inventory is high, deals are out there.
Inflation will make your investment appreciate faster! That coupled with historically low interest rates points to a pretty safe investment. Real Property, Real Returns – Winterizing Your Portfolio 2009 – Special Report – CNBC.com.
If you are considering an investment property in St. Louis, check out my St. Louis Home Buyer’s Search site. There you will find everything on the market in the area.
If you’re interested in buying a St. Louis foreclosure property, give me a call and I’ll email you an updated list of available properties.
Category : Buyers &first time home buyer tax credit &First Time Homebuyers in St. Louis &Foreclosure &St. Louis Foreclosures
If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding the reality is a way to help yourself. Seven short sale myths are:
- Short sales are impossible and never get approved. It is true that short sales are more difficult but they are not impossible. A Certified Distressed Property Expert has extensive training to help homeowners in distress.
- Banks Don’t Accept Short Sales. In reality, banks are doing whatever they can to avoid a foreclosure.
- You must be behind on your mortgage to negotiate a short sale. Many lenders today focus on verifiable hardship, monthly cash flow shortfall and insolvency – not just people in default.
- Buyers Avoid Short Sales. Many agents report that buyers call them looking for short sales. Short sales are becoming synonymous with a “good deal”, specifically with international buyers.
- Listing your home as a short sale is embarrassing. Recent estimates state that 1 out of 5 homeowners in the U.S. is in this situation. You are not alone!
- Banks prefer to foreclose. Banks do NOT want to foreclose. Banks, investors and the federal government have all publicly stated that if a person qualifies for a short sale, then the deal needs to be considered.
- There is not enough time to negotiate a short sale before my foreclosure. Many lenders today will stall a foreclosure up to the final day of the process, with a legitimate contract.
For more information about short sales go to About website.
Also, search for short sales on my free St. Louis home listing resource. I can be reached at 314-267-2636.
Category : Foreclosure &Home Buyer and Seller Tips &Real Estate Sales in St. Louis &Short Sales in St. Louis &St. Louis Real Estate Sales Statistics
