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Ohio Foreclosures mean Opportunities for Buyers
Ohio Foreclosures mean Opportunities for Buyers
The huge number of foreclosures which we are seeing in the US just now has given us some shocking statistics which are well worth looking at and thinking over.
OH,
OH,
United States
(pr4links.com)
26/03/2011
The huge number of foreclosures which we are seeing in the US just now has given us some shocking statistics which are well worth looking at and thinking over.
It believed that out of every 200 properties currently mortgaged in the country 1 will be subject to foreclosure at some point. This means that a quarter of million Americans currently undergo the foreclosure process every 3 months.
These figures result in a number of different possibilities and even opportunities appearing for the homeowner and the person who is looking to buy a property. For example, anyone who currently has a mortgage is well advised to find out if they can modify their loan in order to avoid falling in the group of defaulters who are at risk of losing of their home.
However, every crisis also throws up some opportunities, and anyone looking to purchase real estate will discover that this is a really good time to do it. If we take a growing, prosperous city like Columbus in Ohio as an example it is clear there are plenty of real estate bargains around right now if you know how to look for them.
The amount of foreclosures in Ohio is rising year on year, and the state’s drop down to number 13 in the 2010 ranking is purely down to the fact that other parts of the country are suffering even more from the housing crisis.
For anyone looking to pick up a house at a great price the first place to start looking is on a high quality website such as http://www.searchthecolumbusmls.com/. Here it is easy to refine the search to suit the house hunter’s needs and preferences.
This excellent site has a section dedicated to foreclosures and starting a search here is a highly recommended option. Apart from foreclosures, other homes which were once out of many people’s reach are now falling in price to a more reasonable level.
The site is updated in real time and has such a comprehensive listing and easy to use search facility that it is the only resource which anyone looking for a house in Columbus needs to use. The time saved in calling around real estate agents, checking out numerous websites and hunting for properties in the newspapers can then be more wisely invested in a focused and diligent search for the ideal home.
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