| Everyone knows the horrors of foreclosures. Families | | | | $408,000. |
| can lose their house and investors loose their money | | | | - Two- and three-bedroom modern houses in Santa |
| as the property is returned back to the bank for a | | | | Maria, California. Each costs $176,000 and $300,000 |
| debt not paid. In some cases this can be a tragic | | | | respectively. The marketing hype revels at their |
| moment for a family and in others it can just be a | | | | location, which is the ultimate American getaway: |
| transfer of investment. What is surprising is the number | | | | beautiful coastline. |
| of people that don't consider a foreclosures or | | | | - Properties listed in Hawaii with foreclosure pricing as |
| pre-foreclosures when purchasing a home even | | | | low as $59,000. |
| though it's the best opportunity to acquire properties at | | | | The items above are examples of the many pristine |
| deeply discounted prices. Real estate investors are | | | | properties that are now facing foreclosure. This has |
| certainly aware of this and the majority of them have | | | | only become a common occurrence lately because of |
| made their largest fortunes at times like this when the | | | | the current real estate crisis. The reason these types |
| market is panicked with an overabundance of | | | | of properties are smart purchases is not just because |
| properties for sale. | | | | they are at great locations but also because they will |
| There are many sites online that provide lists of | | | | be the first to return to higher prices once the real |
| properties that the government and it's agencies are | | | | estate crisis wines down. |
| auctioning off to the public. Many of the foreclosed real | | | | One thing to keep in mind is it is extremely important to |
| estate can be found in prime locations, such as in | | | | bring a experienced real estate investor to evaluate |
| executive neighborhoods, or next to the ocean similar | | | | the properties. Also do your homework and make |
| to the examples below. These properties are listed on | | | | sure there isn't any liens against the property. The |
| my highest ranked foreclosure site (see link in last | | | | banker or financial institution who have sold the |
| paragraph): | | | | property might be open for negotiations and you might |
| - One bedroom condominium unit in Santa Barbara, | | | | be able to lower the final price even further. Either |
| California. The price set for bidding was at $100,000. | | | | way if you have access to credit or capital now is the |
| Details further revealed that the said property is | | | | best time to dig deep and invest in a dream house as |
| located near a pristine beach noted for its perfectly | | | | this is a once in a lifetime real estate crash phenomena |
| sparkling white shoreline. | | | | that has created some great executive and beach |
| - Three-bedroom house in Del Ray Oaks near Pebble | | | | side estate values. |
| Beach coastline. The price set for bidding was at | | | | |