Foreclosures, Inventory and Sales.
Rick Sharga, RealtyTrac's senior vice president, believes foreclosure sales will remain between 25 and 35 percent of all sales for the foreseeable future. He says that we will see a steady supply of foreclosures coming on the market for the next few years.
The lesson here is we all need to learn how to deal with and market foreclosures! I am now offering 203k renovation loans for foreclosures that need work. Buyers rarely have the cash to do complete them out of pocket.
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