Why would you want to buy a foreclosed home?
Here are just a few of the reasons that homeowners and investors are flocking to the foreclosure market.
1.PRICE ADVANTAGE: Approximately 25 % cheaper than market price.
2.LEGALLY SAFE: Since Banks / Financial Institutions have given loan after verification of all the legal aspects only, these are 95 % legally safe.
3.CREDIBILITY OF SELLER: You are buying from a Bank / Financial institution, which is authorized by Govt of India to sell such properties.
4.TIME FRAME: Entire transaction will be over in less than two months period. Ownership in one month.
5.TRANSPARENCY: 100 % transparent transaction.
Do you know that over eleven thousand auctions were conducted in 2011. It is estimated that NPA’s in India will exceed Rs.2,00,000 crores (49% increase) by the end of 2012.
This presents a huge opportunity for those who are willing to spend a little time and effort to learn and understand the new market, that is becoming available.
Since we have launched FORECLOSUREINDIA.COM two and half years ago, we have listed over thirty four thousand auctions across 34 city’s in India.
We have launched this blog as a way of providing more information to you. We have also started the Beginners Guide.
In the coming few weeks, we will be updating The Laws,The Acts, The Information a beginner will need to understand the Foreclosure market in India.