Foreclosures Up, Investors Swarming, Scammers Too

July 31, 2007 by Chuck | 0 Comments

If you’ve been monitoring the financial news, you’ve seen headlines about foreclosure’s being up.  Here’s one about a major southern stateone in every 123 households was in foreclosure!

This means that people with money to invest – liquidity – are moving to buy properties that have potential for the future at what they consider a “bargain”.

Likewise, these times also breed scammers – people who prey on folks wanting to avoid foreclosure.

Home based entrepreneurs with liquidity may find this to be a good time to enter the real estate market because more people in a given locality may be unable to buy now.

The key is telling when things have really hit the bottom of the cycle so you don’t overpay.

In Real Estate

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