STILL DON’T KNOW?
BUY FORECLOSURES NOW OR LATER?
FORECLOSURE PRICING
NOW $150,000 SOON $400,000
As I think about the foreclosure market something occurred to me. I’ve been noticing there are fewer foreclosures lately. It seems the banks are holding back on foreclosures because of a statement made by the new administration.
Simplified – According to the government, when a bank forecloses a home it has a value of -0- (zero) to the banks. The banks are selling these homes at extremely reduced prices because any money received from these sales is considered a profit – and they have to pay taxes on their profit. The administration is now considering allowing the banks to claim their foreclosed properties at market value. If that passes, the banks will start their pricing at market value and prices can go up from there.
ARE YOU WILLING TO MISS OUT
ON THESE FANTASTIC FORECLOSURE DEALS?
THE DAYS OF THE REMARKABLY LOW PRICED FORECLOSURES
WILL SOON BE OVER.