This is a great article I came across on the http://www.twincities.com/ website. The article is an in-depth overview of what is happening with the foreclosure market.
"More than 2 million families are facing the prospect of seeing their adjustable mortgage payments rise sharply over the next two years, possibly to levels that many will be unable to pay. "
This is a sad realty that we are facing but also a great oppurtunity to purchase. The amount of homes that will continue to be in a type of distress situation will only continue to climb. You can read the rest of the article at :
http://www.twincities.com/business/ci_6821793?nclick_check=1
We have lists of homes in the distress situations (pre-foreclosure, short sale, pre-MLS) prior to the bank taking the property back which may offer deeper discounts. If you are looking to buy/invest we have great deals for you!
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