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Sunday, December 13, 2009

Investing in Foreclosures - How to Find Amazing Deals on Real Estate Through Government Auctions

By Dylan LaForet

As a real estate investor, now is a golden time for you to swoop down on the many houses in the foreclosure market and profit handsomely. Homeowners are continuing to struggle paying their mortgage and more are entering the foreclosure process each and every day. Don't let this golden opportunity pass you by. Read on to find out more on how to get access to lucrative government seized auctions.

After the time has passed for the homeowner to avoid the auction process, that property will most likely be handed over the county Sheriff who will then hold the auction. The revenue from this auction will be used to pay off the mortgage balance and any other expenses.

While it's a great opportunity to invest in these properties, finding out about them is sometimes a challenge. Good luck trying to get specifics about what's being auctioned by calling up the employees who are associated with the auction. A better option is to sign up with a government auction notification site. They'll send you an email anytime an auction is being held that would be of interest to you.

The reports you get from an online government auction notification site benefit you in many ways. Most importantly, you won't have to spend your time contacting government offices all the time and dealing with rude employees. All you have to do is enter a few parameters and then you'll find out about the auctions that interest you most. No more attending an auction to find out that there's only junk.

For example, you should always check the information on the house to see if there are any liens, taxes, or debts associated with the property. The last thing you want to do is attend an auction, make an impulse purchase, and then realize that you've thrown your money down the drain. Getting advance notice of the properties lets you do your due diligence first. - 23217

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