| Acquiring foreclosed properties now will prove to be | | | | grand. |
| a wise investment in time as the market has been | | | | 3. Two modern residential houses in Santa Maria, |
| crashing over the last year and history proves | | | | California priced at $174,000 and $298,000. |
| recessions such as we are in now only last 18-24 | | | | 4. Under $60 grand for 2 separate properties in |
| months. Since we are currently 12 months into this | | | | beautiful areas of Hawaii So prices like these do |
| real estate lead recession and either close to, or at | | | | make you ponder if it is possible to buy your dream |
| the market bottom, there isn't going to be many | | | | house on the coast of California or Hawaii. Well if you |
| opportunities better then the one facing us today. | | | | didn't loose too much in the stock market lately and |
| Buying foreclosed properties can also be a good | | | | have money or credit available then fulfilling this |
| business investment as it increases the company's | | | | dream is not only possible it is now affordable. |
| assets, interest and fixing/furnishings can be written | | | | Obviously if you are in a position to take advantage |
| off, and appreciation is inevitable as the economy | | | | of fulfilling your dreams you also need to do put your |
| and real estate markets rebound from these current | | | | business hat on and do your homework. Besides the |
| lows. | | | | obvious real estate due diligence of inspecting the |
| What is especially intriguing is the large number of | | | | house and/or property thoroughly you also need to |
| prime properties available in geographically appealing | | | | check to see if your dream estate has any liens |
| areas at much lower price points. When I was looking | | | | against the it's title and/or current owner. This |
| over some of the high-end properties at my favorite | | | | information can be found at local government |
| government auctions site (see last paragraph for a | | | | agencies so there is no excuse not to understand |
| link to get there), I noticed the following listings in | | | | the full scope of any previous debts outstanding |
| Hawaii and California coastline: | | | | against the property. |
| | | | If you're ready to buy your first home, upgrade to |
| 1. A one-bedroom unit (condominium), located in | | | | your dream home, or invest in a business property, |
| Santa Barbara, CA. This property, which is near the | | | | then the current downturn represents a once in a |
| coastline, sells for only $100,000. | | | | lifetime buying opportunity, as foreclosures are at all |
| 2. Three bedroom residential beauty in Del Ray Oaks | | | | time highs and liquidating at the steeper discounts |
| near Pebble Beach's Cali coastline (one of the most | | | | then ever before. |
| prestigious areas in the US), priced at under $400 | | | | |