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Did you know that a Realtor can have a Home Auction? We often hear about the Home Auction for Foreclosure properties because of the media coverage and advertising that they do online and on TV. Your local Realtor can also have a Home Auction, but they are often on just your regular home where you could pick up an excellent buy at a reduced price. HomeAuctionExpo.com would like to make you aware of these so called Auctions so that you can take advantage of a Home Auction experience and become equipped with all the knowledge necessary to purchase a home in this adjusting market. What is a bank owned? What is an REO? What is a REPO? Stay tuned for our next Blog to come!!!!! Other Recent ArticlesHome Buyer Tax Credit Extended Until April, 2010Category: Recent Articles Published: Thursday, December 10, 2009 The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes. 57,000 Foreclosures Remain in California – Lenders Scheduling More Home AuctionsCategory: Recent Articles Published: Thursday, December 03, 2009 The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time. Southern California Foreclosures Still the Bulk of Home SalesCategory: Recent Articles Published: Friday, November 27, 2009 Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.  January 2008
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With recent number of Foreclosure homes on the Real estate market. Lenders have been forced to auction off their large inventory of bank owned homes, REO (Real Estate Owned) homes. This will allow Lenders to liquidate their inventory so that their portfolio of properties will be reduced so they do not have the liability of having so many properties that they own due to this market adjustment. Some may say that these homes in foreclosure are due to the sub-prime loans coming adjusted and others will say that it is due to the income levels of the individuals decreasing over the last couple of years and not being able to afford their monthly payment which causes the home owner to go into default. 