Archive for December, 2008
Are Buyers Missing Foreclosure Opportunities
Tuesday, December 16th, 2008CNBC.com released an article today about prospective home buyers who may be missing out on the opportunity of buying foreclosures. Apparently a new survey from Trulia and RealtyTrac finds that only 47% of those surveyed would consider buying a foreclosure. The survey also says 80 percent of adults are concerned with negative aspects, such as [...]
Buying Bank Owned Condo Foreclosures (REO’s)
Monday, December 1st, 2008You would think that in today’s real estate market that banks would be happy to accept low offers on real estate they own (REO’s) in an effort to reduce the ever increasing volume of foreclosure property they are taking back. Unfortunately, this just isn’t the case! Banks were never set up to be long-term holders of [...]