Real Estate Auctions

If you are interested in either buying a house to live in or buying a house or property for an investment, you should look into real estate auctions.

Many houses that have foreclosed are put up for auction, sometimes saving the buyer tens of thousands of dollars. If you would like to get into this business, here are few tips.

Contact your county or city sheriffs department. They usually have a listing of real estate auctions in your area and they can provide you with the date and time and exactly what is needed to place a bid. You can also look at your local paper under government auctions for information on where the next available auction is being held.

If you really want to find the good deals, then you will have to do some research. Remember these auctions will save you tens of thousands of dollars so there is a lot of competition. You may want to sign up with a company that provides you with breaking news on which houses will be on the market. This way you can have plenty of time to analyze hundreds of properties to find the best property to bid on.

There are also services that help you step by step find a great auction property, bid on it and then sell it immediately for a quick profit. These programs are usually inexpensive and can provide you great tips and tricks on how to get the most return on your investment.

So if you're looking to get into the real estate investment business, take a look at real estate auctions.

More details in www.AbsoluteFloridaMortgage.com/Foreclosure

 

U.S. Foreclosure Market Report – Q1 2007

Rate Rank State Name

Jan

Feb

Mrch

Q1 Total

1 for every #HH

%Change from Q4 2006

%Change from Q1 2006

--

United States

148,425

139,922

149,151

437,498

264

26.61

35.41

36

Alabama

657

449

806

1,912

1,027

2.74

434.08*

30

Alaska

100

81

98

279

735

-1.76

2.20

7

Arizona

4,165

3,116

4,476

11,757

186

41.12

88.66

20

Arkansas

1,196

1,324

505

3,025

388

19.42

-18.38

5

California

25,961

23,200

31,434

80,595

152

68.01

172.86

2

Colorado

4,858

5,310

6,267

16,435

111

5.98

23.88

16

Connecticut

1,287

1,473

1,517

4,277

324

24.48

70.87

38

Delaware

107

67

143

317

1,082

178.07

296.25*

 

DC

2

0

5

7

39,264

-76.67

-74.07

6

Florida

11,709

19,144

14,303

45,156

162

55.20

52.37

3

Georgia

8,328

7,294

6,769

22,391

138

9.73

-8.31

42

Hawaii

99

59

65

223

2,065

22.53

66.42

22

Idaho

382

293

355

1,030

511

88.99

35.53

12

Illinois

7,680

6,622

7,819

22,121

221

6.78

61.57

11

Indiana

3,740

3,438

4,332

11,510

219

7.79

-24.58

28

Iowa

629

594

580

1,803

684

30.94

84.36*

34

Kansas

437

423

447

1,307

863

10.20

117.83*

32

Kentucky

948

628

700

2,276

769

18.85

59.94

35

Louisiana

544

767

579

1,890

996

52.30

454.25*

49

Maine

9

9

65

83

7,854

48.21

93.02*

37

Maryland

695

371

965

2,031

1,055

102.49

87.88

14

Mass.

2,777

2,498

3,497

8,772

299

5.56

802.47*

4

Michigan

11,559

9,298

8,610

29,467

143

32.66

29.57

33

Minnesota

870

929

808

2,607

793

35.92

130.50*

43

Mississippi

181

144

94

419

3,028

3.46

76.79

17

Missouri

2,267

2,358

2,494

7,119

342

34.73

41.98*

40

Montana

108

100

117

325

1,268

0.93

2.52

29

Nebraska

335

294

357

986

729

1.13

33.24

1

Nevada

3,115

3,661

4,738

11,514

75

65.72

128.59

45

New Hampshire

16

36

115

167

3,276

317.50

542.31*

10

New Jersey

6,066

5,007

4,780

15,853

209

14.24

51.56

24

New Mexico

532

480

326

1,338

583

49.33

-27.12

23

New York

5,148

4,552

3,711

13,411

573

-3.35

-2.78

18

North Carolina

2,956

3,366

3,241

9,563

368

111.10

24.78

47

North Dakota

28

18

24

70

4,138

62.79

7.69

8

Ohio

8,504

7,478

8,222

24,204

198

5.84

5.88

19

Oklahoma

1,499

1,392

1,138

4,029

371

33.76

-14.77

27

Oregon

721

725

747

2,193

664

19.71

8.30

25

Pennsylvania

3,746

1,976

2,921

8,643

607

-10.00

-29.47

26

Rhode Island

218

138

316

672

655

72.31

7366.67*

41

South Carolina

407

344

340

1,091

1,606

-17.41

-57.25

48

South Dakota

21

22

32

75

4,309

19.05

-1.32

13

Tennessee

3,864

3,836

3,178

10,878

225

7.52

-7.17

9

Texas

14,728

12,386

12,755

39,869

202

6.07

-0.91

15

Utah

922

848

636

2,406

319

-11.12

-32.40

50

Vermont

2

1

1

4

73,596

33.33

-80.95

39

Virginia

702

718

1,054

2,474

1,167

118.74

138.34

21

Washington

2,125

1,620

1,736

5,481

436

27.58

1.52

46

West Virginia

115

31

95

241

3,505

1.69

5.24

31

Wisconsin

1,327

974

827

3,128

736

45.56

60.33

44

Wyoming

33

30

10

73

3,066

-46.32

19.67*

*Actual year-over-year increase may not be as high due to expanded data coverage in this state.

 

Foreclosure Activity for the Nation’s 100 Largest MSAs – Q1 2007

Rate Rank

MSA

Jan

Feb

March

Q1 Total

1/every #HH

/Ntl Avg

1

DETROIT/LIVONIA/DEARBORN

6,654

5,503

4,194

16,351

51

5.231

2

LAS VEGAS/PARADISE

2,947

3,239

4,307

10,493

57

4.624

3

RIVERSIDE/SAN BERNARDINO

5,576

5,572

6,351

17,499

68

3.899

4

SACRAMENTO

2,821

2,952

3,758

9,531

69

3.855

5

STOCKTON

625

624

1,477

2,726

69

3.809

6

ATLANTA/SANDY SPRINGS/MARIETTA

6,791

5,884

5,451

18,126

80

3.304

7

DENVER/AURORA

3,126

3,490

4,484

11,100

81

3.271

8

BAKERSFIELD

783

906

1,090

2,779

83

3.172

9

FORT WORTH/ARLINGTON

3,153

2,425

2,384

7,962

84

3.162

10

DALLAS

4,663

3,704

4,877

13,244

101

2.627

11

MEMPHIS

1,964

1,849

1,736

5,549

102

2.598

12

MIAMI

1,791

3,035

2,823

7,649

111

2.372

13

INDIANAPOLIS

1,869

1,404

2,387

5,660

113

2.338

14

FORT LAUDERDALE

2,211

2,061

2,049

6,321

117

2.254

15

JACKSONVILLE

822

1,742

1,292

3,856

123

2.145

16

CLEVELAND/LORAIN/ELYRIA/MENTOR

2,445

2,399

2,374

7,218

126

2.093

16

FRESNO

706

514

842

2,062

131

2.013

18

COLUMBUS, OH

1,972

1,257

1,760

4,989

136

1.938

19

EDISON, NJ

2,145

2,010

1,984

6,139

143

1.854

20

WARREN/FARMINGTON HILLS/TROY, MI

2,748

2,070

1,991

6,809

143

1.853

21

SAN ANTONIO

1,258

1,031

1,541

3,830

143

1.845

22

OAKLAND, CA

2,162

1,740

2,225

6,127

146

1.810

23

CHARLOTTE/GASTONIA, NC

989

1,416

1,281

3,686

148

1.783

24

PHOENIX/MESA

3,089

2,325

3,399

8,813

151

1.750

25

CAMDEN, NJ

617

487

581

1,685

154

1.717

26

DAYTON, OH

605

995

749

2,349

155

1.704

27

TAMPA/ST PETERSBURGH/CLEARWATER

1,527

3,704

1,991

7,222

158

1.669

28

CHICAGO

6,170

5,378

6,331

17,879

163

1.626

29

TOLEDO, OH

576

367

802

1,745

164

1.615

30

SAN DIEGO

2,052

1,707

2,551

6,310

165

1.603

31

VENTURA, CA

313

231

970

1,514

166

1.590

32

LAKE/KENOSHA, IL

510

459

377

1,346

168

1.575

33

ORLANDO

921

1,915

1,174

4,010

172

1.533

34

AUSTIN/ROUND ROCK, TX

935

981

817

2,733

181

1.456

35

HOUSTON/BAYTOWN/SUGARLAND

3,737

3,396

2,260

9,393

192

1.379

36

AKRON, OH

610

471

414

1,495

195

1.358

37

KANSAS CITY

1,114

1,287

1,557

3,958

199

1.330

38

LITTLE ROCK/NORTH LITTLE ROCK

491

535

287

1,313

199

1.325

39

PALM BEACH, FL

680

1,317

784

2,781

200

1.321

40

WORCHESTER, MA

459

447

572

1,478

202

1.310

41

SUFFOLK/NASSAU, NY

1,973

2,006

727

4,706

208

1.269

42

OKLAHOMA CITY

835

782

641

2,258

209

1.264

43

SARASOTA/BRADENTON/VENICE, FL

403

713

364

1,480

217

1.220

44

TACOMA, WA

412

422

394

1,228

226

1.171

45

GARY, IN

417

463

288

1,168

226

1.170

46

LOS ANGELES/LONG BEACH

5,032

3,958

5,155

14,145

231

1.143

47

SPRINGFIELD, MA

394

324

473

1,191

232

1.139

48

TULSA, OK

593

511

449

1,553

236

1.121

49

RALEIGH/CARY, NC

448

486

458

1,392

237

1.117

50

ORANGE, CA

1,403

1,207

1,372

3,982

243

1.086

51

CINCINNATI

1,394

1,082

891

3,367

247

1.068

52

TUCSON, AZ

563

362

502

1,427

257

1.028

52

NEWHAVEN/MILFORD, CT

395

420

485

1,300

262

1.009

54

ST LOUIS

1,434

1,257

1,246

3,937

265

0.998

55

NEWARK, NJ

1,120

882

972

2,974

273

0.969

56

ESSEX, MA

325

306

392

1,023

281

0.942

57

ALBUQUERQUE, NM

426

387

264

1,077

284

0.931

58

NASHVILLE/DAVIDSON, TN

676

671

500

1,847

300

0.882

59

SAN JOSE/SUNNYVALE/SANTA CLARA

697

345

909

1,951

305

0.865

60

BOSTON/QUINCY

718

638

955

2,311

316

0.838

61

SALT LAKE CITY

519

268

295

1,082

316

0.835

62

HARTFORD, CT

417

535

498

1,450

325

0.812

63

EL PASO, TX

228

256

204

688

326

0.810

64

OMAHA/COUNCIL BLUFFS

282

290

364

936

330

0.801

65

LOUISVILLE, KY

473

396

531

1,400

352

0.752

66

BRIDGEPORT/STAMFORD/NORWALK,CT

318

314

305

937

362

0.730

67

PHILADALPHIA

1,744

781

1,756

4,281

366

0.723

68

GREENSBORO/HIGHPOINT, NC

328

260

160

748

368

0.719

69

MILWAUKEE/WAUKESHA/WST ALLIS

791

484

348

1,623

381

0.694

70

SCRANTON/WILKES/BARRE/HAZLETON, PA

279

148

225

652

388

0.682

71

CAMBRIDGE/NEWTON/FRAMINGHAM,MA

464

416

591

1,471

392

0.674

72

ROCHESTER, NY

413

328

206

947

451

0.586

73

SEATTLE/BELLEVUE/EVERETT

896

562

651

2,109

464

0.570

74

MINNEAPOLIS/ST PAUL/BLOOMINGTON

824

882

762

2,468

474

0.558

75

BIRMINGHAM/HOOVER, AL

321

159

385

865

488

0.542

76

PITTSBURGH, PA

959

494

655

2,108

512

0.517

77

KNOXVILLE, TN

223

202

111

536

515

0.513

78

SAN FRANCISCO

471

392

517

1,380

516

0.512

79

NEW ORLEANS

210

540

349

1,099

544

0.486

80

WASHINGTON/ARLINGTON/ALEXANDRIA,VA

798

662

1,212

2,672

563

0.469

81

BUFFALO/CHEEKTOWAGA/TONAWANDA,NY

288

314

246

848

603

0.438

82

PROVIDENCE/ NEW BEDFORD, RI

218

138

316

672

655

0.404

83

NEW YORK/WAYNE/WHITE PLAINS

2,501

1,625

2,284

6,410

665

0.398

84

PORTLAND/VANCOUVER/BEAVERTON, OR

407

351

366

1,124

704

0.376

85

WICHITA, KS

118

106

68

292

817

0.323

86

POUGHKEEPSIE/NEWBURGH/MIDDLETOWN,NY

67

114

78

259

884

0.299

87

WILMINGTON, DE

86

95

102

283

919

0.288

88

BATON ROUGE, LA

150

43

80

273

1,035

0.255

89

CHARLESTON, SC

62

73

86

221

1,054

0.251

90

BALTIMORE/TOWSON

295

129

420

844

1,242

0.213

91

BETHESDA/FREDERICK/GAITHERSBURG,MD

69

127

132

328

1,242

0.213

92

COLUMBIA, SC

67

84

62

213

1,264

0.209

93

SYRACUSE, NY

51

65

65

181

1,537

0.172

94

NORFOLK/VIRGINIA BEACH/NEWPORT NEWS, VA

87

69

115

271

1,756

0.151

95

ALBANY/SCHENECTADY/TROY,NY

27

45

90

162

2,245

0.118

96

HONOLULU

53

28

30

111

2,847

0.093

97

ALLENTOWN/BETHLEHEM/EASTON,PA

30

37

20

87

3,324

0.080

98

GREENVILLE, SC

33

18

17

68

3,515

0.075

99

MCALLEN/EDINBURG/PHARR,TX

35

10

5

50

3,853

0.069

100

RICHMOND, VA

38

18

15

71

6,221

0.042


 

Eli Magen, Florida Mortgage Broker.

For all of your real estate needs 
             
Investment Homes in Orlando

Vacation Homes in Central Florida

Residential Loans, Commercial Loans

Experience, Dedication, Results


Eli Magen

Licensed Mortgage Consultant

Absolute Florida Mortgage LLC
6220 S. Orange Blossom Trail, Suite 200
Orlando, FL 32809


Direct:  407-697-1214

Toll:  800-615-1768 Code:17
Office:         407-859-0947
Office Fax:    407-859-8238
Alt. Fax:       407-355-0322
 

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