Bank Foreclosed Homes For Sale (2)
Cleaning foreclosed homes has become one of the best businesses to start in this economy. It is taxed as a long term capital gain if the closing date of the sale is over 365 days from the closing date of the purchase. The foreclosed loan is followed by a notice of auction sale in the newspaper and on the internet for the said property on a specified date and time on the property location. The first thing involves inspecting the homes carefully by checking out both negligible and minor details.
Lower than market value – When you decide to buy foreclosure homes you can look at properties that are available anywhere between 20-50% lower than the market price. This is particularly true in the current real estate market because homes are standing empty for so long. Many times, you can also find the photographs of the foreclosed homes also taken …