Palm Coast Real Estate - Bank Owned Homes Update - March 2009

Palm Coast has been hit pretty hard by the sub-prime mess, over exuberant investors that got in over their heads and job layoffs. What does all this mean...mounting foreclosures and bank owned properties. The good news, is that if you are familiar and educated with the the process of purchasing foreclosed homes...you are in luck. If you are not, be very careful before you run to the courthouse steps thinking you are getting the deal of the century.

Knowledge and education are vital to successfully purchasing foreclosed and bank owned homes.

Bank owned and up-coming foreclosures:

Bank Owned Properties

Bank owned properties are a safer more effective way for first time homeowners or investors to find a great bargain on a home that has already been foreclosed on.

Up-coming Foreclosures

The above is a link to the Flagler County Clerk of Courts. When you access the webpage, click on the link "Public Sales" for more information. Here you will find information on up-coming foreclosures and specific dates. I am providing this link for information purposes only and can not guarantee the accuracy of the information. I am not able to assist with the purchase of foreclosure properties sold on the courthouse steps and suggest anyone considering purchasing a property this way, contact an attorney prior to making any decisions.

Why Do Sellers Go Into Foreclosure?

Owner's of homes go into foreclosure for many different reasons. It can be a very long, tedious and emotional process. Few choose to go into foreclosure voluntarily. It's often an unpredictable result from one of the following:

• Laid-off, fired or quit job
• Inability to continue working due to medical conditions
• Excessive debt and mounting bill obligations
• Squabbles with co-owner, divorce
• Job transfer to another state
• Misunderstood loan obligations
• Unplanned for rising taxes and insurance costs
• Adjusting exotic mortgages/ARMS

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years ....I have learned that information is power and I am an advocate for customer empowerment.

Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*DICLAIMER: The above statistical data was gathered from the Flagler county MLS and is not to be guaranteed reliable or accurate and is for informational purposes only.

**Disclaimer: The search homes information is provided through IDX and Kristi L. Ross PA, Hawk Beach Realty, My Broker or associates are not in anyway responsible for any mistaken information provided.