Got Foreclosure! - Blog

Shocking reports of a rapidly declining real estate market are hitting the wires every day now. And not only the main stream media have turned their flag with the wind.
“The information that this house is worth somewhere around $280,000 is still unknown to Zillow’s computers. It is still unknown to DataQuick. It is a shoe [...]

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The reality of the foreclosure tsunami is slowly hitting home even with lenders and sellers. The constant pounding of the media is doing its thing. Eroding confidence in home prices is the first step to letting the market drop to where buyers might be willing to step up to the plate (if they can still [...]

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“Sacramento, state foreclosure sales decline” - this headline on Sacramento BizJournal.com peaks interest. A clear trend of declining foreclosure numbers should signal the market’s bottom, right?

Yes, in a sense - and the BizJournal is sufficiently ambivalent. But the numbers are telling more truth…

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This week’s “Noteworthy Foreclosure Blurbs” come from different areas in the country.
1. With abundant foreclosure opportunities everywhere it can be difficult to see the trees for the forrest. So here is a collection of areas that are becoming interesting for foreclosure buy-and-hold investment strategies.
2. This Minnesota foreclosure investor sheds some light on the 6-Million-Dollar question: [...]

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