luxury property: Foreclosures 101 - 11/20/07 02:23 AM
The housing market slump has not been kind to existing homeowners who are increasingly finding themselves having to put their homes up for foreclosure.  According to Foreclosures.com the current number of foreclosures reached a staggering 250,000+ in August.  This may be distressing to homeowners grappling with loan payments but it does work in favor of investors on the prowl for new opportunities.  Let's address some questions you might have.
How are REOs and foreclosures different?  With REO (real estate owned) properties you're circumventing the complexities associated with foreclosures (i.e.: cutthroat auctions, not being able to see what you're buying).  The chances … (0 comments)