The Real estate Agents can't make such as "with their no interest payments and "crazy" deals", I hope you meant by mortgage brokers, banks .....

Uh---I think you meant that post for mortgage brokers, not realtors. If you don't know the difference, you could probably google it.

The real estate agents of today are awesome , with their no interest payments and "crazy" deals shifting the economy into high gear as inevtiabally heads towards the final brick wall of resession faster and faster then *wham* depression ... circa 1929. This can be said expectionally true in regards to the "jolly good "workers of such mentally taxing and demanding positions at establishents like McDonalds, Burger King and Taco Bell. Thanks to people like them I can live in my 1.7 million dollar home and only pay interest on it , wow that sure is swell and to think without there legal manuvering around our economic safeguards I'd be unable to park my 3 pickup trucks on my lawn adjacent to them ...

In today's economic landscape foreclosures should be relatively easy to find, however, it would be wise to check out the condition, pricing and the legal aspect of the specific house situation before you consider you got any sort of a deal. Save yourself alot of grief and carefully review the facts.

It all depends on the area/location, area sales/prices, how much work/repair is involved, etc. Like Cori said, if the the neighborhood is calling for homes in million dollars then it's a deal, then this house may not even last long.
Please email me your questions at jzilpelwar@yahoo.com and I will be glad to help you. Good Luck........

It all depends on the property and the specific situation. Like Cori said below, a $500,000 home in a $1,000,000 area would probably be considered a pretty good deal....personally, I tend to pay $50,000 - $80,000 for a foreclosure...but I'm looking in $120,000 - $200,000 neighborhoods. and I really don't care whether the houses are forclosures or not...I'll pay just as much for a regular resale. Ultimately I'm looking for "deals" not "foreclosures".

Keep doing your homework and asking questions - when you're ready, jump in!

That's when the real learning begins!

-Josh

A deal to me is a home priced below market value. A home priced at $500,000 in a million dollar neighborhood is a deal.

A foreclosure may or may not be a deal.

Cori