Serdar Bankaci
Serdar Bankaci
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If you are the first to approach the homeowners, these properties can provide an excellent opportunity for real estate deals with a possibility for great returns.
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That gamble did not pay off because the housing shortage ended and these investors, who had no intention of living in the houses, were stuck with overpriced properties.
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It seems that Orlando and the west coast are hot spots now because of the overvaluation and unaffordable homes in South Florida.
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Finally, the home prices have hit the roof and people are not willing to pay those prices. Investors are figuring out there are other great places to live in Florida.
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With foreclosure activity on the rise, pre-foreclosure properties are an excellent opportunity to approach homeowners before they go into foreclosure.