Yesterday we talked about some of the hazards of purchasing foreclosures. Today we continue with more "how to" information.
According to Yahoo Finance:
Rising Home Foreclosures May Create Opportunities For Investors Buying in ‘07
As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate.
So far, the U.S. housing slump hasn’t produced a bonanza for such investors, but lenders stuck with foreclosed property are becoming more inclined to slash prices or sell properties through auctions, industry experts say.
Our reader Rob emailed me a couple of days ago with some questions he had on purchasing foreclosures. I turned to L and asked for his expertise on the subject. Here’s his response to Rob’s questions:
