Arkansas State Profile

robust economic expansion throughout 2005 contributed to another year of record earnings for institutions headquartered in the state. The Arkansas economy continues to add jobs at a healthy pace, while the unemployment rate is falling toward pre-recession levels...

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Finding Opportunity in the Arkansas Real Estate Market: Pre-Foreclosures

For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage makes up an investment opportunity. A pre-foreclosure takes place from the instance the bank gives notice of default (NOD) to the time the house is sold at a foreclosure auction.

Depending upon state law governance real estate, the time period typically is 90 days into mortgage loan default. Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the difference between what a house will sell for and what is owed on the house. Pre-foreclosures offer an opportunity to purchase a house for less than fair market value (FMV), producing quick equity...

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