ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
21.08.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


The Trappings of Seized Real Estate

Author: Joe Cline Author Ranking Silver | Posted: 01-07-2008 | Comments: 0 | Views: 3 | Rating:  (179) Article Popularity - Blue (?) Got a Question? Ask.
Sign Up Now!

The position that you take on how to make money from real estate really depends on what method or resources that you are using and how well you are using them. This means that you should take due care in deciding the course of action that is going to be best suited to you. Making money from the real estate transactions can be tricky and even trickier when you consider the fact that there are those out there looking to scam you.

One of the most common scams is the seized real estate system. This is the case where you are being told that you can purchase homes for one thousand dollars or less that have been seized by the government for a variety of reasons. Most often these places also list cars and boats at the same time for some ridiculously low price. However, what they are not telling you is that they are providing you with information that anyone out there can get free of charge with a few phone calls or an internet connection.

As such many people fall into the trap of the seized real estate scam and they are out big time money because of it. What you are actually buying from these guys are lists that show times and dates when the seized real estate sales will take place. Likewise you will be getting lists from other seized property such as cars, boats and so on. Anything that is seized by police in drug related offenses and such is sold at public auction. You can make money from this without having to buy a list from anyone.

Why is this possible? Well that is because these are public auctions and the information is made public. All you have to do is know where to look for the information if you want to attend. Actually you can easily accomplish this with just a couple of phone calls. Nearly every piece of information that you would need can be obtained just by talking to the right person and all without having to spend a dime.

It is important that you spend considerable time examining the entire process of the scams that surround seized real estate as well. Some of the criminals are getting clever and have actually found a way to make more money. They are sending out notices of sale for seized property and then getting several attendees but the properties for sale are not theirs. You are bidding on something that is not for sale through a legitimate auction. A recent sting operation netted twenty arrests of men and women involved in this very same scam.

So as you can see there is a lot that you have to work around when you are looking for some seized real estate. These auctions take place rarely because most of the jurisdictions do not get enough seizures to warrant extra sales. You should contact the local police department if you want to find about future auctions of this type.

 

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Source: http://www.articlesbase.com/real-estate-articles/the-trappings-of-seized-real-estate-469426.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

About the Author:
The author writes articles on Austin Real Estate Blog. For more information about REMAX Austin, Real Estate in Austin TX and Austin TX realtors can be found on the net.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Lakeway Texas Neighborhoods: Rough Hollow
By: Joe Cline | 30/06/2008 | Real Estate
The moment you set foot in Rough Hollow you won’t be able to leave. The breathtaking views of Lake Travis, with a backdrop of limestone cliffs will have you permanently rooted there. You’ll wonder how you could have ever thought to live anywhere else and you’ll look immediately for a deed to sign, a house to purchase and a home to create.

The Allandale Neighborhood in Austin Texas
By: Joe Cline | 23/06/2008 | Real Estate
Allandale is one of the most relaxing and comfortable communities within the city limits of Austin. The residents take pride in their community, with a very active neighborhood association that strives for community improvement and provides ample opportunities for activities and involvement.

Austin Texas Community Information: Canyon Creek
By: Joe Cline | 25/06/2008 | Real Estate
Canyon Creek is one of the best neighborhoods in Austin, particularly for those who are looking to raise a family. With wonderful amenities, exceptional local schools, and convenient access to the jobs and attractions of the city of Austin, this middle class neighborhood is a true paradise.

Lakeway Homes for Sale: a Profile of Cardinal Hills in Texas
By: Joe Cline | 07/07/2008 | Real Estate
Some of the best neighborhoods begin as nothing more than dirt roads and vacant lots. They are seen as stretches of land offering little more than an area to drive through, a dot on a map, until a developer or a homeowner stumbles upon them, and possibilities are envisioned. This is true of Cardinal Hills, which not long ago lacked paved streets and residents.

Real Estate Value and the Profit Margin
By: Joe Cline | 01/08/2008 | Real Estate
Making money in real estate is a dream that millions of people have. Few will actually see that dream become a reality. Why is that? Well the fact is that it takes a person with a strong will and a stiff upper lip to make it in this cutthroat business. You cannot be the kind of person that is given to allowing others to take what you have or want. To make the money that you need you have to be willing to stand up and make it happen. The profitability of investing in real estate depends on the m

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:
Powered by Yedda 

Latest Real Estate Articles

Expired Real Estate Listings; Buyers and Investors Have Accesss To Them, Too
By: lanard perry | 21/08/2008
It use to be that expired real estate listings were the near exclusive domain of real estate agents, but now buyers and investors have acces to them, too. Are you getting your fair share of them?

Redstones Property Auctions
By: Claira | 21/08/2008
A number of homes are available at all time offers by property auctions. Almost of these are being sold at prices lower than their market value but mainly important is that there are possible issues and concerns when dealing with auctions. But in actual these properties are valued based on the return on investment that they provide.

Tax Deferral 1031 Exchanges and Cost Segregation
By: Patrick C. OConnor | 21/08/2008
Tax deferral through 1031 exchanges, or tax-free exchanges of real estate, have become a popular method of tax deferral of capital gains taxes. Almost by definition, individuals who utilize the 1031 exchange option are reluctant to pay taxes that can legally be avoided. 1031 exchangers have asked if they can receive tax deferrals and enhance depreciation.

Tips For Saving Your Home From Foreclosure
By: Alan Largo | 21/08/2008
Foreclosures today are at an all-time high and many people are losing their homes in staggering numbers. Dealing with the financial difficulties that often lead to foreclosure are more than stressful enough without adding the horrendous threat of losing your home to the mix...

Finding Your First Home
By: Jennifer Stromsteen | 21/08/2008
Help finding the first home is easier today and the incentives available make now the right time to buy.

Trasylol Kidney Failure Problems and the Recall Class Action Lawsuit
By: Jhoana Cooper | 21/08/2008
Trasylol kidney failure problems are among the most common problems that can be found among the patients who have undergone a bypass surgery and were given Bayer’s drug. The vast majority of the patients who have to undergo a bypass surgery following heart problems had the option of the three anti-bleeding drugs that were available in the market. One can find Trasylol among these drugs; still, the safety of this drug is to be considered because the latest studies have proven that this anti-blee

Trasylol Kidney Failure Following Heart Surgery and the Class Action Lawsuit
By: Jhoana Cooper | 21/08/2008
A Trasylol kidney failure lawsuit is the best solution especially if you or a loved one has suffered from the side effects of this dangerous drug. There are plenty of side effects that have been associated with the use of the Trasylol during open heart bypass surgery. Every patient should have been made aware that there were generic alternatives that could have been used to control excessive bleeding during their bypass surgery. These alternatives are safer and less expensive without the serious

Must Have Features of Your Virtual Real Estate Investing Web Site
By: Charles Petty | 21/08/2008
Must Have Features of Your Virtual Real Estate Investing Web Site

More from Joe Cline

Vacant Homes are High Risk for Insurance Coverage
By: Joe Cline | 11/08/2008 | Real Estate
Ever since there have been kids and empty houses, there has been the potential for temptation and disaster. Kids like adventure and what's more adventuresome than an empty house and yard? For this reason, it's best to keep someone resident in a home that's on the market, if at all possible. Failing that, the homeowner would do well to examine his or her insurance policy to determine whether or not the house for sale is covered and, if so, for how long. As the national inventory of houses for sa

Mary, Mary, Quite Contrary, How Does Your Garden Grow?
By: Joe Cline | 11/08/2008 | Real Estate
You’ve dreamt of a giant lawn with lush, green grass for years, ever since you moved from your parents’ home to the small apartment that occupied your twenties. Now that you have a house, you have a yard. There’s only one problem: it’s not the verdant landscape you imagined, or at least, it won’t be for long. That’s because a lawn takes work, maintenance and care to remain lively and beautiful. You can’t simply wish for green grass or blame Mother Nature when it turns brown; you have to create i

Do You Really Want a Mortgage at Retirement Age: it Can be a Bad Idea
By: Joe Cline | 11/08/2008 | Real Estate
When you’ve reached retirement age and are ready to kick back and take life easy, it's not a good move to put yourself in the stressful position of having to pay a mortgage. Whether it's for a new house or second vacation home, if you have the savings, many financial advisors say pay cash. Mortgages increase risk at a time when it should be avoided. As you move retirement accounts from high-risk stocks to low-risk money market funds as you get closer to retirement day, it's just as prudent to a

Extended Coverage? Get a Residential Service Contract!
By: Joe Cline | 05/08/2008 | Real Estate
From the outside it may seem pristine, with a perfectly manicured walkway, lush green lawn, symmetrical yet inviting garden beds and blossoming young trees. From the inside, the same will appear to be true. The walls will be perfectly painted. The floors will be freshly scrubbed. You won’t find a spec of dust on a single appliance, in any given nook or hidden beneath a rug. It will be a shining example of the perfect home. And then you’ll move in. Things you didn’t realize were there will rear

A Decent Tax Deduction: Getting to the Point on Mortgage Points
By: Joe Cline | 05/08/2008 | Real Estate
Points are everywhere. Pencils have points; pins have points. Conversations have points. Points can be earned; points can be lost. Points can be counted; points can be made. And in real estate, points can be paid. In real estate, points are your mortgage’s interest, your property taxes and your loan fees. They are the little things that push the cost of financing your new home, along with closing costs and down payments, up ever so slightly. They could be what makes you unable to afford the ho

Maintaining Your Four Walls: Repairing Dents and Cracks in Drywall and Plaster
By: Joe Cline | 04/08/2008 | Real Estate
Your walls are what hold your home together. They are the all-important connection between the roof and the ground. Without them, you would have no house, no roof over your head and no place to hang your hat. You need your walls, which means you need them to be well maintained, and that can take a little bit of work. Over time your house starts to settle. It is not necessarily a sign that you have a problem with your house, but more a sign that the foundation beneath has shifted ever so slight

Like it or Not, Buyers Judge a House by Its Appearance
By: Joe Cline | 04/08/2008 | Real Estate
When you went in search of your new home, did you even briefly consider the structures that were dirty on the inside or out? If paint was chipping, rugs were stained or wood chipped, did you look twice at the asking price or turn around in search of a home with more upkeep, more shine and more polish? If you say that the appearance of the home didn’t phase you at all, you’re lying. The look of a building is often the final tipping point for an interested buyer. If it looks rundown and unloved,

Austin Texas Real Estate: a Profile of the Reserve at Hudson Bend
By: Joe Cline | 01/08/2008 | Real Estate
You and your family deserve the best. You work hard all day, every day. When you come home, you should do so knowing that your house is located in a luxurious neighborhood and has luxurious amenities that will pamper you and let you forget about the stress of your job. The Reserve at Hudson Bend will give you just that. It is a small community located north of Austin in Texas Hill Country waiting to give you a permanent taste of luxury. History Austin is a large city, but it can’t fit all the

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below