Bangor, ME, January 26, 2007 --(PR.com
)-- P A Archer Systems today launched launched a new blog on government related foreclosures and investment basics.
Many economic forecasters are predicting an increase in foreclosures over the next couple of years. While its not likely to be a uniform rise in every market, there are some issues that could create significant oppertunities for real estate investors in many markets.
Tens of thousands of dollars can be saved on the purchase of buying a home by investing in either foreclosed, or pre-foreclosed property. When trying to purchase a property, especialy for the first time, it is important for potential to get the most "bang for the buck." This requires special knowledge and guidance.
As there are huge profit margins in forclosed properties. They can be purchased anywhere from 20-40% under market value. This makes foreclosures very attractive, since the property can be sold to a buyer under market value and a substantial profit made.
At this time of writing, intrest rates are among the lowest they have ever been since the 1960's allowing many individuals to qualify for a loan. This is great for investors, because buyers looking for good deals that can be easily found.
The newly launched Basic Government Foreclolsures blog provides important and strategic information to potential investors. In particular it covers the most essential elements that must not be overlooked when purchasing forclosured property including: Loan and mortgage documents; Loan amount; Monthly payment, and intrest rate; Any outstanding taxes; Existing insurance policies; Any other liens or judgments.
To learn more please visit the website.