West Virginia has shown to be a state of opportunity especially in Morgantown. It has been easier than to find Foreclosures for free with RealtyStore.com! The subprime mortagage disaster has made it possible to find homes at well below market value, as low as $10,000. At these prices, foreclosed properties sell fast. Search for all types of foreclosures and find your first home or next investment property today. It's fast and it's easy!

Find Foreclosures, HUD homes, VA homes, and other distressed properties West Virginia!






Five Tips for Buying a Foreclosure Property Below Market Value

By Jim Saccacio, RealtyTrac Chief Executive Officer

If you feel like the escalating costs of real estate have priced you out of the market, think again. It may be time to investigate the vast opportunities available in the foreclosures market.

For people willing to do a bit of homework, the foreclosure market offers some of the best opportunities available in real estate today. Experts point toward significant growth in available foreclosure properties, so there’s never been a better time to line up your resources and educate yourself about this previously hidden market. It’s not unusual to save from 10 to 30 percent of the market value on a foreclosure property, and certain properties offer savings of 50 percent or more! There really are bargains out there. You just have to know where to look.

Web-based services such as RealtyTrac give consumers access to foreclosure and pre-foreclosure information that was previously available
only to professional real estate brokers and investors. Today, homebuyers can use these services to identify and research potential home
purchases, as well as to find the tools and professional resources they need to help them close the deal. RealtyTrac, which provides all
the foreclosure data for both MSN House and Home and Yahoo! Real Estate, has already compiled a list of over 550,000 foreclosure
properties across the country.

The keys to a successful foreclosure property purchase are diligence and patience, along with taking an educated approach to investing in this market. RealtyTrac CEO Jim Saccacio offers five tips to help you close a deal on a foreclosure property:

1. Learn about the different types of properties and the foreclosure process.

Not all foreclosures are the same! You need to educate yourself on the difference between the three basic types of properties, including notice-of-default (NOD), notice of trustee sale (NTS), and real-estate-owned REO, as well as the positive and negative aspects of buying at each stage of the foreclosure cycle.

As a rule of thumb, the best savings can be made at the pre-foreclosure stage, where home owners can avoid a foreclosure and lenders can save the time and cost involved in going through the process. Another critical point in the process is immediately prior to the auction date, when all parties might be most open to a last-minute solution.

2. Secure financing early

It’s important for a buyer to be pre-qualified before engaging in discussions with a seller. This ensures that the buyer is in a financial position to purchase the property, and is in the strongest possible position to negotiate.

3. Engage a real estate agent as a “buyer’s representative”

There’s a distinct difference between a buyer’s and a seller’s representative. Buyer’s representatives have the home buyer’s interests at heart, and are charged with finding the right property and negotiating the best price for their clients. Picking the right real estate agent will make your life much easier. Ideally, select an agent who specializes in the foreclosures market and has specific experience in REO properties.

4. Do your homework

Purchasing foreclosure properties is somewhat more risky than buying traditional real estate properties. But, with that risk comes reward in the form of much higher potential savings. With the right examination and due diligence, buyers can significantly reduce the risks. As with any purchase, timing is everything! But, it makes sense to give any property under consideration a thorough examination, including determining its condition and value, finding out the amount in default and the remaining loan balance, and running a legal investing report to make sure the property is free of any financial liabilities. Of course, it never hurts to foster a positive relationship with the seller!

5. Make a realistic offer

If you want to be taken seriously as a buyer, you must be realistic when preparing an offer. Lenders aren’t likely to give properties away, particularly in a real estate market where prices continue to rise. Additionally, homeowners in financial distress may be difficult to deal with, particularly early in the foreclosure process. An educated buyer—one who knows how much is owed on the property and what its market value is—can usually come up with a realistic offer; one that offers significant savings, while meeting the requirements of the lender.

Planning to Buy a Home? Compare REALTORS® First. It's Fast and Free!


Thinking of Selling Your Home? Let REALTORS® Compete For Your Business!

by: Sean McAlister

Looking For A Home Loan in Morgantown West Virginia?

Get Pre-Approved before you look for a home and shop with the
power of a cash buyer. Quicken Loans is one of the nation's largest home mortgage lenders
and was named "Best of the Web" by Forbes, Money and PC magazines.

Quicken Loans offers over 100 loan programs and can tailor a program to fit your exact needs.
Their process is quick and easy. You can apply online in minutes. You can even
sign your application and track the process of your loan online.

• Over 20 years experience
  
• Direct lender in 50 states
  
• Great rates
  
• Fast, easy, minimal paperwork
  

Find out that "The Easiest Way To Get A Home Loan" is with Quicken Loans, a name you trust.

This 3 part video can be watched by clicking on the play button in the middle of the screen shot.

Be sure that you are veiwing them in order. To do this simply place your cursor at the bottom of the video and you will notice a roll bar with all three video's. In the bottom left corner of the video you will see the display of the video you are selecting.

Enter your email address:

Delivered by FeedBurner

Posted on: Tuesday, August 21, 2007
West Virginia is No. 1 party school

By Vicki Smith
Associated Press

PRINCETON REVIEW'S 2008 RANKINGS

From the Princeton Review's 2008 edition of "The Best 366 Colleges":

TOP 10 PARTY SCHOOLS

1. West Virginia University
2. University of Mississippi
3. University of Texas, Austin
4. University of Florida
5. University of Georgia
6. Penn State University
7. University of New Hampshire
8. Indiana University, Bloomington
9. Ohio University, Athens
10. University of California, Santa Barbara

TOP 10 "STONE COLD SOBER" SCHOOLS

1. Brigham Young University
2. Wheaton College (Ill.)
3. Thomas Aquinas College (Calif.)
4. College of the Ozarks (Mo.)
5. Grove City College (Pa.)
6. U.S. Coast Guard Academy
7. U.S. Air Force Academy
8. U.S. Naval Academy
9. City University of New York, Queens College
10. Webb Institute (N.Y.)




MORGANTOWN, W.Va. — To the disappointment of school administrators — and the pride of some students — West Virginia University is No. 1 on The Princeton Review's annual list of the top 20 party schools.

The school has made the list seven times in the past 15 years, despite efforts to curb underage drinking and rowdy behavior.

But not since 1997 have the Mountaineers taken the top spot. Last year, WVU was No. 3, bested by the University of Texas at Austin and Penn State, both remaining in the top 10 this year.

The University of Hawai'i-Manoa was not among the 20.

WVU senior Katie O'Hara, 22, said her campus is No. 1 because "no matter what kind of party you want, it's here — bars, fraternities, house parties."

Still, O'Hara said, her friends "know how to manage their time. They know when to party and when not to," which wouldn't explain the school's No. 1 ranking in the category of Their Students (Almost) Never Study.

The rankings are contained in the 2008 edition of "The Best 366 Colleges," which is going on sale today and is based on a survey of 120,000 college students at those schools, mostly during the 2006-07 school year.

At the other end of the partying spectrum is Brigham Young University, claiming the top spot in the "Stone Cold Sober" category for the 10th straight year. UH-Manoa did not crack the "Stone Cold Sober" top 20, either.

For many years investors have been seeing excellent returns on their real estate ventures. The question that many people have at this time is whether or not the investing world has been largely affected by the current state of affairs in the real estate market? It would be impossible to think that it has had no effect and indeed it has.

Investors are quickly having to learn to diversify their real estate portfolios and get smart about the purchase and sale of properties. Unfortunately, dealing in real estate is no longer as "cut and dried" as it once was. It used to be quite simple, the market was incredibly strong, you bought low and sold high. No problem. But then, the market changed and lost some of the momentum that it once had, there was no longer competition for every available home! So what was the answer? Go after the homes that aren't built yet! One such opportunity exists in Morgantown, West Virginia. Canyon Creek Falls


Pre-construction has developed into one of the best place to put your real estate dollars. With the amazing number of buildings going up in just about any city, developers are anxious to get their developments sold before the construction phase is complete. To facilitate this need, they are typically offering great incentive packages to entice buyers to pre-buy units. This kind of sale usually applies to high-rise condo complexes as with many units to sell, buyers can cover their costs quickly and buyers get a great deal on a new home or rental property. But aside from the incentives, what are the good reasons to invest in something that is not yet completed? Appreciation.




The numbers show that once a complex is complete and ready to be inhabited, the value of units appreciates rapidly. It is this appreciation that is so attractive to investors and across the country many are seeing as much as 15-30% increases in the value of their properties. This makes an attractive offer to those who want to buy low and sell high. Usually when purchasing pre-construction one can find units for less than market value and with some time to breathe as most payments are not due until completion. Once completed if an investor can resell the unit for 30% over what they paid then the whole process and wait has been entirely worthwhile.