Here is where I detail my adventures in real estate. It's meant for people who want to get into this investment area but need some encouragement, help, or just a general push in the right direction. Hopefully, by detailing all my experiences, you'll see it's really not that difficult or scary.
According to this report on CNN, the number of foreclosures rose 58% during the first half of this year. One in every 134 households is going into foreclosure. In Nevada, it's even worse - 1 in every 40 houses.
Posted by
Shaun
at
6:47 AM
Labels: foreclosure
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2 comments:
I believe it... I'm in the process of negotiating to buy a foreclosure from the bank via short sale at an otherwise untouchable price in the particular neighborhood I'm buying...
Definitely puts it all in perspective...
According to a Daily Business Review article on June 06,
"Through May 4, South Florida had 13,235 foreclosure filings that added up to almost $3 billion in loans."
And THAT number keeps going up, even as I search through foreclosure for my wholesaling venture, I actually begin to feel bad for some home owners. It's good to know I have a lot to look forward into helping some, and making money at the same time.
Regards
-Edgar U.
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