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FHA Foreclosed Homes – Offer Unlimited Opportunities to Investors



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By : Julie Thompson    99 or more times read
For those of you who do not know this, the Federal Housing Administration like any other lending institutions is often compelled to foreclose on people’s property. These FHA foreclosed homes have followed precisely the same process as any private lending institution in the foreclosure process and have to sell these homes to the public in order to recover the debt owed to them on the mortgage default.

As there is such a huge foreclosure problem in the US at present the FHA has not escaped the fallout from this. FHA foreclosed homes are plentiful and they provide a valuable source of investment potential for anyone wanting to purchase property in the US today.

The Federal Housing Administration was originally created as part of the National Housing Act of 1934. It is a US government agency and the original goals of the organization were to improve housing conditions, provide financing and create a more stable mortgage market. Historically the FHA was created because of the Great Depression. During this time there was a drastic drop in home ownership as the banking system had failed and most mortgages were short term. The banking system was restructured in 1934 and the FHA was created.

Just as any financial institution that has many foreclosures in its inventory, so to does the FHA. Although these government agencies do their best not to foreclose on people’s property, when push comes to shove and a home owner is continually defaulting on the mortgage payments the FHA has to start foreclosure procedures. Mortgages loans that have been insured by the FHA and go into foreclosure offer an unlimited amount of opportunity for both novice and experienced real estate investors.

All government institutions have a growing amount of foreclosed homes up for grabs because of the home ownership boom that took place during the past several years. Finding these bargains and capitalizing on them is a fantastic way for investors to build wealth. The foreclosure industry is currently experiencing a multi-billion dollar growth spurt, and the use of a reliable online listing service will find and inform investors and home buyers alike of exactly what is available in the foreclosed homes market at present. They do all the research on you behalf and inform you when the property you are looking for comes onto the market.

These listing services acquire their up-to-date information from many foreclosing lenders as well as government agencies such as the FHA. It is very important for a property investor to receive fast, accurate information in order to act quickly. FHA foreclosed homes are snapped up quickly by buyers, so the sooner you have all the information in your hands that you need, the better.

As with all foreclosed property it is essential that you inspect FHA foreclosed homes before making a bid. Inspection is vital to success and you do not want all the savings you make to be eaten up by having to make major repairs.
Julie Thompson, has been working on ForeclosureWarehouse.com studying the foreclosures market, helping buyers on the finer points of foreclosed homes. Try to visit ForeclosureWarehouse.com and begin your foreclosures by state search.
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Julie Thompson, GM Sales & Marketing, ForeclosureWarehouse.com


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