Colli Real Estate

Murrieta Foreclosures

Murrieta California is one of the areas hard hit by the housing crisis. Many people are losing their homes and lenders are losing large sums of money. Lenders lose an average of about $58,000 when they foreclose on a property and we all know lenders are not in the business of losing money. This presents an opportunity for a home owner to modify their mortgage and stay in their home or for an investor to buy the property in the pre foreclosure process.

Murrieta foreclosures is a challenge faced by many residents every year from all walks of life. Rich, poor, young, old, no one is immune. Hard times can fall on anyone regardless of background or standing in life.

Foreclosure is public information and anyone is able to access the Murrieta foreclosure listings. The information provided includes owner’s name and address, the lender and mortgage information. It is possible for you to receive a barrage of people contacting you offering to help and save your property but you must be careful and avoid losing your home in a scam. There are some legitimate companies and individuals that can help save your property from foreclosure and you should do your due diligence.

For investors Murrieta Foreclosures presents an incredible opportunity because properties can be purchased for 35 to 50% of what they were sold for at the height of the Real Estate boom. And with so many people not able to qualify for a mortgage due to strict lending guidelines, there is a lot of people who are in need of rental properties. In fact, many people are walking away from homes because the mortgage is simply not affordable and they are renting a home like the one they walked away from for half of what they were paying.

Recent Murrieta Foreclosures:

42731 Mountain Shadow rd:current price $299,000 this home was originally purchased for 670,000 in 2005
27157 white alder ct: current price $354,497 this home was last purchased for 506,000 in 2004.
24240 Calle Artino: valued at 450,000 in 2007 it is now for sale at 330,000. This is also a foreclosed property in Murrieta.

As an investor this is a good opportunity because you are providing a service. If the property remains abandoned it will bring down the property values in the neighborhood even more, so it is in everyone’s best interest that the property is occupied.

The Murrieta area was growing very quickly and a lot of new homes were built. It is very possible that the homes available are not more than 5 years old and in some cases some may not even have been lived in.

About the Author

Discover how a 27 year old man from Temecula is helping men and women from around the area save their home or realize their dreams of being their own boss, building wealth, and securing their family’s future…even if they have absolutely zero experience. http://murrietaforeclosures.org

Than Merrill – Preforeclosure and Wholesaling seminar – May 22, 2010 – Connecticut

The Pre-Foreclosure Property Investor”s Kit $17.81 The complete toolkit for pre-foreclosure investing Finding, researching, inspecting, negotiating, buying, and reselling pre-foreclosure properties is a lot of hard work…

Foreclosure Investing in the New Economy $27.99 These are historic and challenging economic times for investors. The common real estate investing practices of a few years ago have rapidly become inadequate when it comes to making money in today’s distressed real estate market. Foreclosure Investing in the New Economy is clearly explains the basics of investing in distressed property, bearing in mind the context of the market since the bursting of the housing bubble and the financial industry meltdown of 2008. In his accessible style, foreclosure investing veteran Kirby Cochran explains the foreclosure process and the essential strategies for making money investing in pre-foreclosure, foreclosure auction, and bank-owned REO properties. Cochran gives investors insight into the business of distressed property investing in a way that helps newcomers become familiar with the landscape while avoiding potentially devastating pitfalls. Both new and intermediate investors will gain critical skills for success as they read Foreclosure Investing in the New Economy.

The Pre-Foreclosure Property Investor`s Kit (Paperback) $33.65 Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investors Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. Youll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy. Even people of modest means can get into pre-foreclosure investing—all it takes is a little hard work, persistence, and the tools youll find in this handy guide.

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