Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…

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Is there any way to assure real estate success, to purchase real estate at the bottom of the market, sell at the top and face no risk in between? It would be great to say that the answer is yes, and greater still to have such knowledge, but the central reality of investing is that such certainty does not exist. There’s always risk, including the risk of not doing anything and missing an opportunity.

But if it’s true no form of investing is risk-free, then it’s equally true that there are steps which can be taken to reduce marketplace perils, especially when considering foreclosures, short sales and distressed properties in general.

So what are the keys to foreclosure investing success?

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Real Estate Agents bring valuable tools such as market research and planning that assist you in buying and selling properties. Many times a layperson looking to buy or sell real estate doesn’t consider these elements are important parts of the process….

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Carlo E. Capomazza with Sotheby’s International Realty® has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

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Nearly two years later lenders are much savvier about selling bank-owned properties, and their newfound know-how is grounded in the basics of supply and demand, which are both heavily impacted by foreclosures in the 2010 marketplace. Sales of properties in some stage of foreclosure accounted for one-third of all sales in the first three months of the year, according to Rea

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High and Dry across the Lake from New Orleans is “My Rest” aka Mon Repos my out of town referral.

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What is a short sale? A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan.

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Mortgage interest rates change as often as two to three times in one day. Securing the lowest rate possible is every borrower’s goal. However, it’s impossible to time the finance market, just as it’s impossible to predict exactly when the housing market will peak or slide.

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