Have you heard the saying, "one man's misfortune is another man's gain". Few people really like to leverage another one's enduring moments, but it's almost ridiculous not to with the housing market being the way it is. What do I mean? The high number of HUD foreclosures for sale!

Yes, many homeowners come to realize an unpleasant surprise of their dream house becoming an all-absorbing plague for them. Increasing mortgage rates, property tax increases, and job market weakness have contributed to a rise in foreclosures. Your aptitude in the buying of foreclosed homes can actually help someone. Read on to grasp the reasons why you may want to be part of the action.

There is not many ways to  put it, it's just a part of life...some folks can't duck the issue of being foreclosed on. However, selling a home prior to foreclosure is better for all involved:

1. The seller wins because it prevents the seller from messing up his/her FICO score. Foreclosures are as destructive as bankruptcy to one's credit, troubling your credit score for years. By getting out from under oppressive mortgage payment gives the homeowner the time needed to recalculate their finances and buy another house sooner rather than later.

2. The bank or mortgage company is thrilled with you being able to sell your home before they have to render it foreclosed. This allows the bank to do without high-priced litigation and maintenance costs later. Not to mention the cost of selling off the property that they do not want to own.

3. Now YOU as the buyer can win by acquiring a HUD foreclosures home for sale for below market value. You have a couple of options at this point, you can make any needed repairs and/or updates. Then you can keep the home for you to live in, or you can treat it as an investment and sell it for a decent profit.

Yes, in certain circumstance, selling the home before the house is foreclosed can be a win w times over for all those involved. Not always, but sometimes the seller suffers the greater loss. In some cases even the bank or mortgage company may be the loser, this happens when they end up settling for your low ball offer. In either case, be sure that there is true value in the foreclosure for you as the buyer.

There are many competent real estate professionals who predict that foreclosures will become more everyday far and wide in the coming months. One of the best ways to find these is via HUD foreclosures for sale listings. You can possibly swing a deal that could end up earning or saving you tens of thousands of dollars on a piece of repossessed property. So keep an eye on these HUD home listings that were made available by distressed sellers. The home you've always wanted could be closer than you think, for far cheaper than you thought.