Real estate blog entries tagged with purchasing homes by Dave McKean (Classic Real Estate Inc)

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Home : Blogs : Dave McKean : Dave's Blog : Tag "purchasing homes"

purchasing homes: 6 Reasons it is wise to purchase CA real estate in 2010! - 02/18/10 07:55 PM

Here is some helpful information for anyone looking to purchase real estate in 2010.
1. More inventory is coming - NAR / RealtyTrac -say there are more than 2 million homes are currently in the foreclosure process, and foreclosure notices will rise to 3.1 million 2010. This flood of inventory will hit our market. One reasons for this is Obama Administration pressure banks to postpone repossessions until loan modifications could be attempted. However, many banks didn't have the staff to assess all their defaulted loans and they have just postponed dealing with them. Ultimately they go into foreclosure in 2010.
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Dave McKean

Santa Clarita, CA

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Classic Real Estate Inc

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