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Boca Raton, FL (PRWEB) November 22, 2011

Many media reports focused on the scenario of why the housing market will take a long time to recover, or because the economy will get worse. Clearly, the economy needs to improve some. But according to real estate experts Levinrad Lex, when you start to see the current real estate price changes in the bargain price of goods owned by different banks emerging picture is much more optimistic than many current media reports would have you believe.

S & P Index Home Price CaseShiller published October 25, 2011 showed that 16 of the 20 metropolitan statistical areas (MSA) have increased prices. While still wary of Case-Shiller house price has seen a glimmer of hope is easy with these data. According to the Case-Shiller situation is improving albeit slowly.

Levinrad, founder of the Estate Distressed Real Estate Institute says that “Anyone who reads these reports might think that no interest is too much to invest in U.S. real estate.” According Levinrad, while this may happen in a more expensive price range in which the buyer is highly dependent on the approval of a mortgage, the situation is completely different when the market is a property owned by the bank to lower the price below cheap price to $ 100,000

.

Levinrad Second, real estate investors who purchase bank-owned home every day to see a different picture from that portrayed by the media. “Our office has been inundated with emails and phone calls from foreign investors seeking to cash in on the opportunity to buy a cheap house owned by the banks, or directly from the bank,” said Levinrad. “Prices in many of our local markets in South Florida has increased dramatically and shot,” said Levinrad.

Levinrad, American investors in Canada, Asia, Europe, Russia and South are scrambling to buy a property owned by many banks as cheap as you can get your hands on. “Our office is selling most of our homes to foreigners, especially Canadians who seem to devour the South Florida real estate at a pace that is unprecedented,” said Levinrad.

According to the National Association of Realtors, foreigners bought almost 8% of all homes sold in the 12 months ending in March 2011. This is a serious statistic. One out of every twelve homes sold last year bought by foreigners. This is a whopping $ 82000000000 U.S. dollar value of U.S. real tangible purchased by foreign nationals. According to the National Association of Realtors reported the majority of Canadian foreign buyers (31%), Asia (26%), Europe (24%) or South America (11 %).

In which country are foreigners to buy more properties? According to the National Association of Realtors report, 31% of all purchases are in Florida is nearly three times as much as a buyer in California (12%). Other countries with large numbers of foreign buyers Texas (9%) and Arizona (6%).

Levinrad:

Levinrad Lex was a full investor real problems in real time since 2003. It ‘was involved in buying, rehabbing, wholesaling, renting and selling hundreds of homes in South Florida. Lex is the founder and CEO of Distressed Real Estate Institute, trains new real estate investors how to wholesale, fix and flip properties often with no money down. Lex specializes in buying foreclosures, short sales and bank owned properties and provides mentoring and training programs, bus tours, boot camps and home study courses for real estate investors. Lex is an accomplished national public speaker and has shared the stage with some of the best orators of the country estate. Lex has written many books on real estate and also the founder of the Distressed Real Estate Investors. Lex is also a Realtor with Charles Rutenberg Realty License. For more information about Lex Levinrad visit the website or call 800-617-2884 http://www.lexlevinrad.com.

Distressed Real Estate Institute

7050 W Palmetto Park Rd

Suite # 15-675, Boca Raton, FL 33433

Tel: 561-948-2000

Fax: 561-948-0410

E-mail: lex (at) lexlevinrad (dot) com

Website: http://www.lexlevinrad.com

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(PRWeb UK) 21 September 2011

Eye TorFX brokers react to news that the OFT is investigating whether consumers accept a bad deal in foreign currencies of the major banks

.
Watchdog Consumer Focus

did a “super complaint” to the Office of Fair Trading has said that consumers are paying too much for foreign currency.

TorFX Beddell Director Jon commented. “The banks provide a range of basic services for consumers, but the change is an area where they often are not very competitive. Many accusations confused customers, with 0% commission often include the fact that the exchange rate itself is a small percent below the market price of the underlying. The growth of independent brokers of foreign exchange is symptomatic of the need for more consumer choice in this business sector is growing because they provide good service and excellent fuel .. Its not just the money that tourism is affected by the competitive level, but also that individuals and businesses that make international money transfers. These transfers account for a much larger segment of the travel retail FX market by money. Many consumers do not realize that there is an alternative low-cost and easy to banks when it comes to converting one currency to another or send money to foreign countries. TorFX as an independent currency dealer can offer a competitive and transparent rates are close to wholesale prices background that major financial institutions such as TorFX have access. TorFX also send your money country without charging any cost savings the exchange. The transfer can be as big of a coin larger, for example, a typical money transfer customers TorFX for the purchase of property abroad can save up to 3% .. In the transfer? thats a saving of 200 000? 6000 Another popular service offered by TorFX is a pattern of regular payments overseas. clients. with value fixed monthly requirements You can set up standing orders / direct debit to cover the cost of a mortgage, living expenses and other monthly bills, and will benefit from a better exchange rate and no bank transfer fee typically cost 25 per transfer.? Based on the transfer Monthly? 1000 a total savings of about 700 per year? .. The message to consumers is to shop around and compare rates. We are now much more options than ten years ago and you may be surprised by the potential savings “

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