California: Deluge of Government foreclosures
The Palmdale property auctions currently feature as many as 4,687 foreclosure listings and properties, bearing the median listing price of $209,300. This needn’t come as any surprise, since the state of California accounts for a high one-third of all foreclosure activity in the US. The government foreclosures have been on a steady hike all over the US, and manifested a 12 percent growth in August, 2008 over the previous month. During the single month of August, 2008 one out of every 416 US households reportedly suffered a foreclosure filing. During Q2 or the second quarter of 2008, one in every 65 Californian households had yielded to the government foreclosure avalanche. However, there is a bright side to this coin, in that the foreclosure auctions present themselves as attractive and lucrative opportunities to both prospective homebuyers and professional flippers. It is obvious that one person’s misery can get translated into the other’s joy. John Mayfield, Jorge Mazun, Greg Gutierrez and Robert Valdez are leading property brokers working in Palmdale and nearby areas, and you can well hire their expert services for your profit.
Palmdale is situated in Los Angeles County, in the US state of California. Palmdale lies in the Antelope Valley, and is a part of the Palmdale / Lancaster, CA Urbanized Area. A few of the important cities in the suburbs of Palmdale include Whittier, Agoura Hills, Westlake Village, Alhambra, West Covina, Avalon, Vernon, Baldwin Park, Torrance, Bell Gardens, Temple City, Beverly Hills, South Pasadena, Burbank, South El Monte, Calabasas, Signal Hill, Carson, Sierra Madre Claremont, Santa Fe Springs, Compton, Santa Clarita, Cudahy, San Marino, Culver City, San Gabriel, Diamond Bar, Rosemead, El Monte, Rolling Hills, El Segundo, Redondo Beach, Glendale, Rancho Palos, Glendora, Pico Rivera, Hawaiian Gardens, Pasadena, Hermosa Beach, Paramount, Hidden Hills, Norwalk, Industry, Monterey Park Inglewood, Montebello, La Habra Heights, Manhattan Beach, La Mirada, Lynwood, La Verne, Los Angeles, Lawndale, Lakewood, Long Beach and Lancaster.
Real Estate: Knowledge Enables Profits
As a potential homebuyer in Palmdale, your principal means of learning about any forthcoming foreclosure auctions in Palmdale are the newspapers. The law mandates the auctioneers to advertise the homes offered for sale at least thrice in the newspapers. The first such advertisement must be printed at least 20 days before to the proposed auction date. You must, therefore, form the habit of glancing through the newspapers regularly to keep yourself abreast on the real estate listings auctions in Palmdale.
The internet can prove the most effective medium for you to learn about the Palmdale real estate listings auctions. Indeed, the National Association of Realtors asserts that 80 percent of all home-hunters employ the vast web resources to further the search for their dream homes. From the comfy quarters of your home, with just convenient mouse clicks, you can have the latest and minute details about the homes set for sale at the property auctions. There are several websites that will provide you even representative pictures of the properties. The websites also contain a number of articles on government foreclosures that will lend you keen insights into the dynamics of real estate transactions. Several practical tips on how to reap the maximum bonus from the foreclosure auctions will help you considerably in getting the most return on your real estate investment.