Posted on Wednesday, May 15, 2013 at 1:27 pm CDT
The global economic recession has meant that there have been more foreclosures than ever before. This represents a fantastic opportunity for savvy home buyers and property investors. Banks are desperate to get rid of foreclosed property, and that means that bank owned homes are often sold for a fraction of their true value. This means that first time buyers can get on the property ladder much easier, and investors can assemble a huge portfolio of investment properties to rent out or sell on for a profit.
Source: Buy Bank Owned Properties