Foreclosure web sites

By
Real Estate Technology with Zillow
The Phoenix Real Estate Guy notes: The market in many areas of the country is cooling. Phoenix has seen listings grow from 4,000 to 42,000 in just a few months. "Creative financing" such as 100% loans and interest-only loans, as well as cash-out refi's have left many people with more mortgage than they can afford. All of these factors tend to lead to an increase in foreclosures. And with that, an increase in web sites that specialize in foreclosure and pre-foreclosure listings.

 

Cooling housing market spurs interest in foreclosures


Comments (1)

Bob Crain
Crain Realty - North County Luxury Homes - San Marcos, CA
San Diego County Real Estate Broker

Jay,

As you know many of the best buys are not foreclosures but those buyers who are motivated.  I always suggest to those people who ask me to get them the foreclosure lists to also contract me to send them all the listings in the mls marked in the remarks section with "Motivated Sellers".

Jul 10, 2006 06:30 PM