Foreclosures Up
Foreclosures Up 3/20/07
Anyone with a brain could have predicted the upturn in mortgage foreclosures that are due adjustable rate mortgages. Here's an article that talks about the record spike that is sending shockwaves through financial markets: http://www.walb.com/Global/story.asp?S=6249202&nav=5kZQ
Now as much as this was all predictable, I don't think we're heading towards doomsday, but it will put downward pressure on the market, and whenever you have a weak market, bargain hunters can take advantage of foreclosure opportunites. Use the free trial on ForeclosuresToday.com to see a current list of all the foreclosres and pre-foreclosures available in your area.
One key to successful real estate investing is to stick with what you know, in other words your local area. That local area can be extended thanks to all the online tools that are available to you, including Zillow.com, where you can get free home values online.
Check back with us often for more foreclosures news and updates.
