Abi is finding all the deals in South Florida for buying foreclosed properties.
Nationwide, more than 2.3 million homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007, with the worst yet to come as consumers grapple with layoffs, shrinking investment portfolios and falling home prices.
Well you can look at this 2 ways. Good and Bad but lets look at it good for everyone that wants to buy.
"Clearly, the foreclosure prevention programs implemented to date have not had any real success in slowing down this foreclosure tsunami," said James Saccacio, RealtyTrac's chief executive.
Moody's Economy.com, a research firm, predicts the number of homes lost to foreclosure nationwide is likely to rise another 18 percent this year before tapering off slightly through 2011.
Still, foreclosures - which keep breaking records that have stood for 30 years, according to the Mortgage Bankers Association - are likely to remain well above normal levels for years, and that will continue to keep home prices from rebounding.
So if you are interested in foreclosed properties, I will be puting the best deals on my Blog everyweek.
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