Due to the economy inflation, there are many Monterey foreclosures that are happening. This is caused by the fact that many people took loans from mortgage companies to buy homes but are not in a position to repay the loan as per the monthly installment that they agreed upon. Most of the properties that have been listed for Monterey foreclosures are always sold for half their market value price. For investors, this acts as a good opportunity to invest in as they can get to buy a home, remodel it to resell it a much higher price in the future. For those who want to invest in Monterey foreclosures to make them rental homes, it enables them to make huge profits. However, before investing in Monterey foreclosures, you need to be ready as some of the properties will need to be repaired and the mortgage company does not cater for the expenses.
Source: http://www.cuaama.com/advantages-of-investing-in-monterey-foreclosures/480/
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