Ever since the housing crash of 2007, the real estate market has been inundated with foreclosures, as well as REO and short-sale properties. According to a new report from USA Today, however, there may be a positive end to the story. In the first quarter of 2012, the sale of foreclosed homes saw a significant increase--meaning that more people are purchasing homes that are in some state of the foreclosure process. This trend has garnered the attention of many real estate professionals, among them foreclosure expert Jonathan Dieguez, of Absolute Capital Homes.
In fact, the Absolute Capital Homes president has responded to the new report with a press statement of his own. Dieguez says that ultimately, this is good news for two reasons. "One of the signs that the housing crisis is finally ending is the fact that more and more banks are unloading their stock of foreclosed properties," Dieguez explains. "These new numbers indicate that that's what is happening right now."
Perhaps more important, though, is the fact that more and more potential homeowners are finding affordable prices on new properties--something that is near and dear to Dieguez' heart. "Absolute Capital Homes is passionate about seeing people discover that they are able to own homes. Buying short sales or foreclosed homes is a great way for buyers to afford homes that maybe they would not be able to get otherwise," he says.
Absolute Capital Homes is a company that is, indeed, devoted to helping potential homeowners find the best properties. The company is an investment firm at heart, buying distressed real estate assets then partnering with contractors and realtors to rehabilitate them and sell them as promptly as possible. Many of Dieguez' customers, then, are first-time homeowners, eager to take advantage of low-priced real estate.
Absolute Capital Homes offers many other services to its customers, all designed to help them make the transition into homeownership. These services include credit repair and even a rent-to-own program.
Ultimately, Dieguez hopes for the real estate market to continue moving in the right direction--so long as it continues offering these opportunities for individuals to invest in new homes. "The surplus of foreclosed properties has proven to be a very good thing in many ways," the Absolute Capital Homes president concludes. "For new homeowners, it is a major boon."
Absolute Capital Homes is a privately owned, fully integrated real estate investment firm, located in New York. The company also maintains across the East coast, including New England. The company's chief aim is to generate attractive returns through investment in residential and commercial real estate, capitalizing on the rising inventory of distressed properties held by private and public financial institutions. Absolute Capital Homes purchases promising REO and pre-foreclosed properties that require rehabilitation, then partners with local contractors to perform essential repairs, and experienced realtors to list and sell these properties in a prompt fashion. The company has unique programs that allow financially-challenged individuals become property owners.
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