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Cuyahoga County Foreclosure Article
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Real Estate Foreclosure Investments is Still a Good Business Venture
from:A Smart buyer in today’s market must look for the best deals and there is no better way to get your money working for you than investing in property. Unlike the stock market where you are basically speculating on gains received from the money you have invested in buying stocks, bonds, and commodities you can rest assured that buying real estate would always work for you in the long run. Keeping an eye open for the best deals will provide you with a lifetime of steady income.
In the past couple of years in parts of the US, the prices of houses have gone down to the point that you can purchase almost two houses for the price of one that you would have purchased a few years back. Florida, Phoenix Arizona and parts of California are very much affected by this buyers market boom. Financial specialists are expecting to see the housing prices in these areas go down even more.
Particularly lucrative right now is the real estate foreclosure market. Not only are American investors buying up the properties but foreign investors are cashing in on the real estate foreclosure market as well.
A word of caution, you must be very prudent about your real estate foreclosure purchases as fewer banks are offering sub prime loans. According to the Federal Reserve, the banks are becoming more rigid in their lending practices. Even the prime loans are being scrutinized more carefully before loans are being issued at this time. As the real estate market continues to plummet, the banks and other lending institutions will get tougher with the granting of real estate foreclosure loans.
All is not lost. There is good news for the real estate foreclosure investor. The federal government is taken action. They are putting a strategy in place to preserve the real estate foreclosure market. The government has put into place a three-prong system. They will be providing funding for investors to buy up vacant properties in order to fix them up, providing help for financial institutions to continue to service the investors with moderate income to borrow, and creating new lending legislation to prevent abusive or spurious lending practices from occurring.
The government is also putting together a foreclosure prevention package to help homeowners keep their existing property. This too will affect the real estate foreclosure buyer in a positive way. If you are buying your own home, you can rest assured that you will not lose it if the market continues to plummet. However, you will need to hold onto your property, fix it up, rent it or live in it but not necessarily flip it at this particular time.
If you want to make even more for your investment dollar and look for future opportunities, you may even look into the commercial real estate foreclosure markets. Look into investment trusts in the medical field. We have a population of baby boomers who are aging and will need more and more medical attention and specialized living facilities as the years spring forth.
The real estate foreclosure market opportunities are out there, just be creative. Don’t be discouraged as the real estate foreclosure market is still alive and kicking.
Cuyahoga County Foreclosure News
County official sees value in 'land bank' of foreclosed properties - Chicago Sun-Times
County official sees value in 'land bank' of foreclosed properties Chicago Sun-Times s Genesee County and Cleveland's Cuyahoga County. More information is at BridgetGainer.com. FRANKLIN FODDER: Last month, I wrote about the Crown family and their development partners, Tishman Speyer Properties, pushing plans for an office building at ... |
Commissioners considering state grant program to demolish blighted residential ... - Lancaster Eagle Gazette
Commissioners considering state grant program to demolish blighted residential ... Lancaster Eagle Gazette The allocation formula is based on the percentage of foreclosures filed in each county between 2008 and 2011. For example, a large county with a lot of foreclosures, such as Cuyahoga County, is eligible for almost $12 million. |
Cuyahoga County gets nearly $12 million from settlement to eliminate blight - Plain Dealer
 Plain Dealer | Cuyahoga County gets nearly $12 million from settlement to eliminate blight Plain Dealer CLEVELAND, Ohio -- Cuyahoga County is poised to receive nearly $12 million from a nationwide settlement with mortgage lenders to demolish thousands of buildings left vacant and blighted in the aftermath of the foreclosure epidemic. |
Occupy Cleveland ordered to dismantle tent on Public Square, city rejects ... - Plain Dealer
 Plain Dealer | Occupy Cleveland ordered to dismantle tent on Public Square, city rejects ... Plain Dealer By Leila Atassi, The Plain Dealer View full sizeMarvin Fong, The Plain DealerAn Occupy Cleveland rally on the city's Public Square in March to protest the sale of foreclosed properties in Cuyahoga County. CLEVELAND, Ohio -- Two days after five men with ... |
Land banks: Moving foreclosed properties back to productive use (with video) - News-Herald.com
Land banks: Moving foreclosed properties back to productive use (with video) News-Herald.com The property recently was acquired by the Cuyahoga County Land Reutilization Corp., better known as the county Land Bank. It is for sale for $15000 to someone who would like rehab it. The Land Bank holds the property deed in escrow until repairs are ... |