Kentucky State Profile

Kentucky's employment conditions continued to improve in 2005. Kentucky posted its eighth consecutive quarter of year-over-year job growth, adding 27,500 jobs, or 1.5 percent, during the year ending fourth quarter 2005. Except for manufacturing,...

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

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

Depending upon state law governing real estate, the time period usually 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 remainder between what a house will sell for and what is owed on the house. Pre-foreclosures furnish an chance to purchase a house for less than fair market value (FMV), making prompt equity...

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