Home Foreclosure: Pros and Cons of Buying a Pre-Foreclosure?

By Doc Schmyz

When looking for a place to call home, it is always best to buy the property you like than to look for a great foreclosure deal. However, it is always better if you can find a good combination of both.

There are many ways to buy a foreclosed property, all of which have their own good and bad points. Some give you the highest financial gain but with the highest investment risks while others could place you on a safe playing ground but with the lowest financial benefits.

First let's talk about buying a pre-foreclosed property. This method gives you the least amount of money output with the highest available information on the property. Pre-foreclosure normally happens during the first few months of foreclosure ( 2 to 3 months after the first default). Usually, the bank or the lender will allow the homeowner to sell the property to help him come up with money to pay off the mortgage default. The "sale by owner" is a medium for the homeowners to prevent their properties from being foreclosed. In most cases, this is done by owners who see sale as their last option and by those who have some equity on the property.

This method, unlike the other two methods, gives you the least risk. You are free to inspect the house and to make your search for the title deeds. You could also uncover all liens if you like and know the underlying problems. Usually, a real estate broker or the owner of the property will show you the house. If you are interested and you have the money to buy the property, the owner will sign you a deed and will handover the property. You would then own the property.

In exchange though, you will get hold of the mortgage that will come with the house. In short, you will have to make the mortgage payments current along with all the fees and charges that come with the property. This includes all repairs/maintenance to the house.

However some states give the original homeowners a redemption period though. This allows the previous homeowners to get back the property during a certain period of time, usually several months up to a few years, to buy back the property. Thus, all the investments of the current homebuyer will be invalidated.

Buying a pre-foreclosed property is actually safe if you are talking about checking the entire condition of the house but if you don't want the financial responsibilities that go along with it, this method of buying is not really an option for you. - 23199

About the Author:

Doc Schmyz has worked with investors all over the US. His free website shares Real estate investing information for all over the US. Find Real estate investing information by state

What is Fibonacci retracement system

By John Fibonacci

You may have heard about Fibonacci, the man who discovered a set of numbers who that have a major affect on the market. So who is this Fibonacci fellow, and why are his findings so important in the market place?

The mathematical findings by this thirteenth century Italian man has yielded a useful technical analysis tool which is used in technical analysis and by scientists in a large array of fields. Born Leonardo of Piza, he is better known in the trading community as Fibonacci. Fibonacci's best known work is Liber Abaci which is generally credited as having introduced the Arabic number system which we use today.

Fibonacci introduced a number sequence in Liber Abaci which is said to be a reflection of human nature. The series is as follows: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 and on to infinity. The series is derived by adding each number to the previous. For example, 1+1=2 , 2+1=3, 3+2=5, 5+3=8, 8+5=13, and so on.

Now, Fibonacci is a powerful technical tool that can make you win in your trading.

Traders (Pros) use the Fibonacci series mainly for retracements and to show where support and resistance might come into the market. It also use to enter or add onto a position. In a new video, it will show you these exact retracements and how they affected the market at that time. - 23199

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Find out more about Fibonacci retracement and Forex managed accounts. A complete guide free of charge.

The Smart Forex Magadroid

By TheLasTSamuRai

Looking for a forex automated software which actually stands up to its promises? If the answer is yes then fores Megadroid is the robot which can actually help you in maximizing the returns against your investments.

The mighty Megodroid was released on March 31, 2009 and since then it has enjoyed wide popularity amongst forex investors. The internet is flooded with a large number of first hand reviews and majority of them report a positive response. Megadroid is designed by John Grace and Albert Perrie, both of whom have over 30 years of experience in forex investing. Megadroid boasts of an accuracy of 95% and in addition to this provides for an easy installation and user friendly interface.

Megadroid is touted to be the first forex robot which deploys RCTPA (Reverse Correlated Time and Price Analysis) technology to maximize efficiency and accuracy. Since its introduction the forex Megadroid has done wonders for forex investors and going in accordance with the statistics, it has earned profit of 400% in the month of April alone.

Talking about the features of this robot: 1) Low cost " The Megadroid can be bought against a slashed rate of 97$ as per this writing and with each purchase you are also entitled get a 60 day guarantee. 2) High download speed " Once you have made the payments, you would be directed to the link from where you can download the software. The Megadroid can be downloaded in three packages and in addition to the software the standard package also includes a program guide in pdf format which features proper description and graphical explanations to help the user in installation and operation of the robot. The entire package can be downloaded in less than five minutes. 3) Plug and play software " The Megadroid features one of the most user friendly interfaces supported by a technically advanced algorithm at the backend which ensures maximum profits with minimal user interference. The Megadroid robot works on MetaTrader 4 platform which makes the crucial calls of buy and sell. A potential user can follow the step by step instructions furnished in the installation guide and get the robot working with ease. 4) Virtual money account " Megadroid provides for practice accounts. Practice accounts enable the user to get a firsthand experience of trading without risking their precious money. The site provides for virtual cash up to $100 thus availing the user with the opportunity to check if the software is really productive. 5) Works for amateurs " Megadroid is very easy to configure and can help beginners/amateurs to earn hefty fortunes just by leaving the robot operation for couple of hours or overnight.

Surely with so many advantages and benefits to its credit, forex Megadroid is no scam and can avail beginners as well as professional forex traders to maximize their returns with the help of artificial intelligence. Thus if you are also aiming to earn a good fortune, go for forex Megadroid and at the slashed rates of $97 the software is worth of its promises. - 23199

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Are you a Forex trader? Then you need to check out the Forex Megadroid Robot.

Things You Didn't Know About the Stock Market

By C.L. Sommer

The stock market is where businesses and individuals buy and sell shares of coporations. As an investor, an individual sometimes wields power over the company. This shareholder offers valuable financial support to the company and in return benefits from the profits realized. The number of shareholders owning a company could range from a few individuals to thousands- depending on the size and capital requirements of the corporation. As a business grows, it requires adequate funds to meet its financial goals. When a company is in a state of substantial growth, it may sell shares to the public to gain a stronghold in the market. Selling shares to the public has been a practice with many businesses for many years.

Companies selling pieces of their business to the public is not a new idea. The financial markets have been a platform for buyers and sellers, where, ideally,both parties share a mutually profitable relationship. The stock market is like the financial backbone of a country- a location where shares of numerous companies are bought and sold. In the United States there are three major stock markets that play a crucial role in shaping the economy- the Nasdaq, the New York Stock Exchange and the American Stock Exchange.

Wall Street is an important financial center in the United States. During the 17th century, even before New York City was what it is today, there was a high wall built as a defense against British attackers. Eventually the wall came down but the name of the street remained as Wall Street.

Even though we think of Wall Street as the financial hub of the United States, history has a different story to tell. You may not know that Boston was once the countrys financial hub. Boston dealers played an active part in buying and selling various kinds of commodities as well as dealing in bonds for contracts such as bridges and canals. It is indeed difficult to imagine the financial hub of America as something other than Wall Street. However history clearly states the importance of the Boston dealers in creating an active financial market, very much similar to the one found in Wall Street today.

Other countries similarly transacted out their financial activities through their own financial centers. For example, the City of Paris economic activities were carried out on Rue de Quincampoix.

The story of the London financial market is another interesting tale in the history of commerce and finance. The London stock exchange was initially an open market situated on Exchange Alley. Jonathans Coffee House was the financial center where many London traders carried out their financial endeavors. Later the Coffee House was renamed The Stock Exchange.

Wall Street gradually picked up business through the years with varied kinds of dealers offering countless shares to the public. With time many new banks also began to operate in the market offering attractive deals such as treasury bonds. - 23199

About the Author:

C.L. Sommer is a frequent contributor to WallStreetSWAT.com, the best source for financial news, real time stock quotes, economic news and more - providing the Special Weapons and Tactics investors need to navigate the complicated financial markets.

Forex Trading Gap Strategies

By James Henderson

Forex, or foreign exchange, trading is an extremely popular way of making money. Due to its unforeseeable nature there are a number of strategies that are widely used as a way of determining the best time to invest and therefore the best chances of making money with the system.

Gap trading is one method that has been used in investment markets for years, and is still extremely popular when it comes to forex. One of the benefits of this system is that it is extremely easy to use. In short, it allows investors to take advantage in the gap in price from one day to the next.

For example, the price will be set at a certain level at the time the market closes, and this price may either remain the same or be higher or lower by the time the market opens the next day.

When using gap strategies you will come across 'gapping up' - when the opening level is higher than yesterday's closing level - or 'gapping down' - when the opening level is lower than the previous day's closing level. If the price is the same then there was no gap.

The best way of doing this is either to ignore the weekend (therefore creating a gap between the close on Friday to the open on Monday) or by creating artificial gaps for yourself each day.

The best way of doing this is either to ignore the weekend (therefore creating a gap between the close on Friday to the open on Monday) or by creating artificial gaps for yourself each day.

However, forex differs from traditional markets due to the fact that there is no market open and closure - forex effectively trades for 24 hours a day. However, there are many that still insist that there is money to be made with forex gap trading strategies. - 23199

About the Author:

The Forex Conqueror is the ultimate Forex trading system with a unique built in algorithm it is 95% accurate.