We all "hear" the market is going to turn around (it already is), and the media will then present some doom & gloom factoids about the continually falling prices (some are more accurate than others).
It's important to remember that real estate is local. So, national numbers aren't as accurate as local numbers.
That being stated, here is a market snapshot of Jacksonville, FL single family home foreclosures, and a two year trend line. As you can see, the highest month in the past two years for foreclosed listings was September 2010.
If you are interested in purchasing a foreclosure, it's best to be prepared with the following: cash (preferred in many cases), proof of funds to submit with offer, ability to inspect property quickly & arrange for utilities to be on during inspection, and the ability to move quickly, as many of these homes don't last very long.
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