Los Angeles-based International Acquisitions is seeking to take advantage of a growing foreclosure market with a USD30m real estate investment fund.

According to the firm, US foreclosure rates have increased by 12 per cent over the past year. It says options in the foreclosure market are broad not only in value but by location, as seen by the number of major cities with high foreclosure rates, and notes that real estate investors don't have to wait for foreclosure to approach homeowners in financial difficulties with the offer of a buyout.

International Acquisitions says its management team and advisors will focus on identifying and investing in the best available properties in six major real estate investment areas, consisting of properties in danger of foreclosure and repossession, assisted living facilities, hotels and motels, self-storage facilities, government seizures and financial institutions.

'We are excited about the prospects of capitalising on a volatile market,' says director Scott Terrell. 'We have a dedicated team of specialists in the field of real estate investing and finance and are ready to hit the ground running.'

International Acquisitions says the low acquisition cost of foreclosed and repossessed high-value properties maximises the potential to achieve a considerably higher revenue return on the initial investment.