Why Single Families Are Better Investments
Single family foreclosure properties are usually owned by lenders such as banks. They have been seized because home owners can no longer make the repayments for their mortgage. To be able to collect the debt, the homes will then be sold in to the market. However, since they are eager to dispose the single families foreclosure properties, most of the lenders are willing to sell these houses for as much as 40 percent less the original price.
This means that if you're buying single families foreclosure properties for your own family or for your real estate business, you can definitely save a huge amount. You can then make use of the remaining budget for renovations and repairs, which may be needed by the homes.