Free Search Of Connecticut Public Notices And Find A Foreclosure Property

Here is a completely free (Yes Free) method for searching foreclosure listing in Connecticut.

This is a snippet from their site:

"MyPublicNotices.com in collaboration with participating newspapers and the Connecticut Daily Newspapers Association provides online access to public notice advertisements from throughout Connecticut."

Here is the link: http://www.ctpublicnotices.org
I realize not everyone will be interested in purchasing an investment property in Connecticut, but the free listings are here if you are curious.

Happy searching.
Ed

CNN Money Reports Foreclosure Rise Among Minorities

I was reading CNNMoney and found a very interesting article on the rise of foreclosures amongst minorities.
money.cnn.com/2006/02/22/real_estate/foreclosures/index.htm

Report: Minorities hit by foreclosures
Increase possibly among factors leading to a retreat in rate of black home ownership in 2005, newspaper says.
February 22, 2006: 7:19 AM EST

NEW YORK (CNNMoney.com) - Home foreclosures are rising, especially for minority homeowners, according to a published report.

The New York Times reports that the rate of black home ownership fell slightly in 2005, to 48.8 percent, from 49.7 percent in 2004, and that some studies suggest that an increase in home foreclosures for minority borrowers could be a reason.

It also reported that home foreclosures among minority homeowners could rise further in coming years due to rising interest rates and the greater use of so-called subprime loans, which charge a higher interest rate, by those borrowers.

The newspaper said the race of borrowers is not available on foreclosure documents, but studies that compare foreclosure rates to the racial makeup of the neighborhoods where the foreclosures are taking place suggest that the rate is rising higher for minority homeowners.

For example, the newspaper reports that a study by Cleveland State University researchers found that in Cuyahoga County, Ohio, which includes Cleveland, the ratio of auctions to regular sales was 23 per 100 last year in the eastern portion of the county, which is 52 percent black and 7 percent Hispanic. That's up from nine foreclosures per 100 regular sales in that area in 1995. By comparison in the western portion of the county, which is 82 percent white, the ratio was 11 foreclosures per 100 homes sold, up from 2.5, according to the Times report.

The newspaper also reports that in Chicago the number of foreclosures has tripled since 1993, and that neighborhoods where the population is more than 80 percent non-white account for 65 percent of all cases, up from 61 percent in 1993.

The newspaper reports that the Mortgage Bankers Association plays down the severity of foreclosures, noting that most new minority homeowners are doing well and some other statistics show foreclosure are becoming less of a problem, not more. The trade group estimates that fewer than 1 percent of all loans were in foreclosure in the three months that ended last September, down from 1.5 percent in 2002. For subprime loans, the foreclosure rate was 3.3 percent, down from 8 percent in 2002, the newspaper reports.

I've maintained all along that the next few years are awesome times for investing in foreclosures homes because of:

(A) Rising Interest Rates
(B) Too Many People Having Negative Arm Mortgages
(C) Teaser Rate Adjustables starting to make their full adjustments

Start doing small things today and you'll be in position to take advantage of the wave of foreclosures in the coming year.

You don't even have to buy a foreclosure home for investment purpose. You might consider buying for a seized or foreclosed home for your own residence.

Ed

Review Of Fast Cash In Foreclosure Book

Fast Cash In Foreclosure

I have read many books on the subject of foreclosure investing and without a doubt, without reading books and attending seminars, I wouldn't have been as successful and as quick as I was.

But please be clear that as no book will take the place of action and experience.

Bottom line is that you need to start and take action by reading the papers, hitting the road, checking the values, making contacts, making calls, visiting real estate agents and all the other things that'll bring you closer to your first sale.

Foreclosure and pre-foreclosure investing is profitable and because the money potential is so great, there are many people trying to land that ONE deal that'll make them the big check.

In my early days, I made the mistake of going at it alone. Without a mentor and without guides. In all honesty, foreclosure investing was a small niche and noone really talked about it openly.

The one day, I set out to find a mentor and OH BOY, this one thing alone catapulted my success to levels I didn't realize was possible. I quickly got a hold of every paper, report, book and cassette tape on the topic of distressed properties and started my education all over again.

This leads me to the topic at hand.
Which books and authors are reliable and trustworthy when starting out in your foreclusre investment strategies?

One of the best books I've come across on this topic is Fast Cash In Foreclosure by Steve Maletos. He has basically covered everything you need to know in order to start and profit from this Real Estate Investment strategy.

Here is a preview of some of the topics he covers:

1. Acquiring Financing p. 12
2. Identifying Distressed Properties p. 38
3. Property Inspection and Valuation p. 72
4. Submitting an Offer to Purchase p. 106
5. Locating Buyers p. 132
6. Pre-Qualifying Buyers for a Mortgage p. 156
7. Assigning Contracts p. 180
8. Getting Started p. 200

Your Company p. 200
Your Office p. 201
Target Area p. 205
Target Group p. 206
Financing p. 207
Property Search p. 208
Continuing Education p. 209

About 288 pages of solid material that'll definitely give you a jump over your competition.

If you are serious about foreclosure investing, then give Fast Cash In Foreclosure a try.
He is offering a 90 DAY no Hassle Money Back Guarantee as well as 5 awesome bonuses.

Happy Investing :)

Ed Allen

filed under: Foreclosure Investing - Fast Cash In Foreclosure