Feng Shui and Real Estate: What about FORECLOSURES?

Feng Shui is fascinating to me and I have wanted to include information in our blog for our readers. Here is a post that was written by Carole Provenzale of Feng Shui Long Island & New York. She is one of my favorite Bloggers and is an expert in Feng Shui. This article is of interest with the increase in foreclosures and because we purchased a foreclosed home ourselves a few years ago. Thanks Carole and for our readers - enjoy!

Via Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City):

New York Feng Shui and Real Estate:  What about Foreclosures?

I received this email the other day from a person and thought I'd share it.  Please NOTE:  The opinions here are only MY OWN.  I do know that many Feng Shui Consultants advise AGAINST purchasing Foreclosures.  I have a different perspective.

Hi,
I have a question I was hoping you would answer.  My husband and I would like to buy a home that is a foreclosure.  I've read that in Feng Shui you should not purchase these homes because they would carry bad energy and you would be unlucky in them.
Is this true?

Donna

Feng Shui and Real Estate by Feng Shui Long Island & New York

Greetings, Donna,

I appreciate your question and I do know that many Feng Shui Practitioners believe that Foreclosures would not be a wise choice in purchasing a home.  I have a somewhat different perspective to share.

As a Feng Shui Consultant in New York I have seen both Homes and Businesses that would not be advisable to purchase from a Feng Shui Perspective.  Sometimes there is a bathroom in the "WEALTH" area or sometimes an area (gua)  is missing completely. 

We all do believe the ENERGY left in a home (known as Predecessor Energy) can become "stuck" and stay with the new occupants.  Foreclosures are often left under sad circumstances and their may be grief or arguments left behind.  This can also occur in ANY home you are looking to buy.

Feng Shui New York by Feng Shui Long Island & New York

We also think about the Energy of the land on which the home is built and often don't know the history.  In my OWN OPINION, I believe that if you truly love a space, it can overcome any negative energy.  I have seen people flourish in homes that they had been advised not to buy.

Your own energy is very strong.  What I would recommend is to buy a home you absolutely LOVE and you can have it blessed or cleared prior to moving in.  You can do this yourself, call someone from your church or contact a Feng Shui Consultant.  You are then removing any Energy left behind in the home and on the land-and have ended up with a wonderful bargain in the process.

Never be afraid to purchase a Home or Business that you truly love.  A qualified Feng Shui Consultant can always make a space work FOR you, not AGAINST you.

New York Feng Shui by Feng Shui Long Island & New York

Blessings to you,

Carole

*Join the Group:  Feng Shui for Real Estate

Feng Shui Long Island & New York

http://www.FengShuiLI.com

**Carole Provenzale has been a New York Feng Shui Consultant since 1997 and is the Founder of Feng Shui Long Island & New York.  On Site Feng Shui Consultations provided for New York City (Manhattan), Queens and all of Long Island for Homes, Apartments, Businesses, Corporations, Renovations and New Construction.  FengShuiLI@aol.com

2 comments • Monica Ray • March 05 2009 10:02PM

Missoula Real Estate What to Know Before You Buy a Foreclosure

With the increased number of foreclosures around the country, more and more buyers and investors are seeking out foreclosed properties or properties that are advertised as Short Sales - meaning that the bank may accept less than what the sellers owe on the property.

Foreclosures can be an opportunity to get properties at a discount. We have personally purchased two foreclosed properties ourselves and feel like we made a good investment.

However, it is important to be aware that can be risks that come with foreclosed properties such as:

  • AS-IS: Most foreclosures are sold "As Is" and without a seller's property disclosure that would list any known defects in the property. There are usually specific forms that you will be required to sign to protect the bank that has taken possession of the property. Make sure you have a thorough home inspection so you know what you are buying.
  • REDEMPTION PERIOD: Many states have a "Redemption Period" where a person who lost a home to a foreclosure can payoff the property and redeem it. Make sure you understand your rights and all potential risks if you buy a foreclosure.
  • PRICE - just because a property is a foreclosure does not necessarily mean that it is priced at a discount below other homes on a market. Make sure you understand the current market value of the home. Your Realtor (R) can help you understand the local market.
  • FORECLOSURE ALERTS - There are several services that will charge you a fee to notify you of foreclosed properties. If you are in an area with very few foreclosures, this may not be worth the investment.

If you are looking for foreclosures or short sale properties, in or around the Missoula, Montana area, contact Kevin & Monica Ray of Access Realty at 406-207-1185. If you have legal questions regarding foreclosures or laws in your state, please contact an attorney.

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Kevin & Monica Ray are Missoula Montana Real Estate sales and marketing professionals for Access Realty in beautiful Western Montana. For more information on Western Montana, they can be reached at 406-207-1185 or online at www.YourMT.com.

 

2 comments • Monica Ray • September 18 2008 04:52PM