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Buying a foreclosure home often is appealing to house hunters trying to stretch their dollars. But finding a good one can be a challenge. A buyer probably won’t find a property advertised as a foreclosure in marketing materials.
Where to Find Them – One option: Go straight to the bank. Banks’ Web sites will list properties that the financial institution has reclaimed. To find a list, do a Web search for “REO” and the name of the lender. Contact information for the property’s listing agents is usually provided for each entry. You also can enlist the help of an experienced real-estate agent. Someone who works regularly with REOs might be able to track down the properties more easily than a traditional agent.
When purchasing a short-sale or foreclosure it is crucial to find an experienced Realtor to help with the purchasing process. They will help with attaining a thorough inspection and will also help the buyer write a clean contract as well as secure financing where necessary. They are the most important ally a buyer can have when dealing with lenders in this process. source:http://online.wsj.com/article/SB125399707660143695.html
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LaSalle Investment Management’s annual index placed real estate in Munich at the top of its list for the best locations in Europe. Munich has replaced the former number one city, London, because of one important factor:it has maintained a strong economy. Not only is their economy strong, it is well shielded from the global recession. Munich is the top city in Europe for property investors as it has withstood the global economic downturn better than any other location, it is claimed.
The German city has strong levels of wealth and a highly diversified local business structure consisting of strong global players protected it from the full impact of the recession, according to the annual E-REGI index from LaSalle Investment management.
‘Munich offers particularly favorable business conditions, which are complemented by extensive R&D activities.
In combination, these factors result in comparatively strong economic and employment growth forecasts despite the current slowdown,’ it says. source: http://www.nuwireinvestor.com/articles/munich-real-estate-tops-list-for-best-location-in-europe-53798.aspx
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