Sub-prime problems to create more foreclosure opportunities

Kiplinger has a good, quick overview of real estate foreclosures.

At the market’s peak, in the first half of 2005, the nationwide median discount off market value of foreclosures was 14.6%

There are huge pitfalls to buying foreclosures.

Notice the level of expertise of the two successful foreclosure buyers in the article. One was a real estate agent and the other had purchased 15 foreclosures.

Foreclosures are NOT something you can just dabble in.

March 22, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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