Foreclosure homes continue to run rampant nationwide, but are at the same time creating opportunities for buyers.
Was reading that, yet again, the number of homes in foreclosure or some stage of default are at alarming numbers and that the government may need to step up their efforts to do something about it. Same beat that we have been hearing for months.
Then I got to the bottom of the article….
“In some neighborhoods, lenders are slashing prices dramatically to rid themselves of an unprecedented number of foreclosed properties, sparking bidding wars and multiple offers. While that’s a positive for the real estate market, buyers in other parts of the country are still holding back.”
Bidding Wars and Multiple Offers – Wow. Been a while since those words were said…
here is the link to the entire article…
http://www.msnbc.msn.com/id/25130532/
Craig Garcia is a Managing Member of Bridge Capital Lending, LLC. A mortgage and investment firm specializing in Investor Loans that Use Private Lenders that fund Hard Money Loans. Craig can be reached at 877-8GO-GREEN or 954-217-9518. Gene Schroeder and Angelo D’Alessandro are the founders and owners of Bank On It! – A Real Estate Investment Firm that sells Investment Properties at Wholesale Prices. Gene and Angelo can be reached at 954-515-0030. The three have also formed a service to connect prospective borrowers to a network of Local Mortgage Brokers called 888-2Lend-Fast.
Tags: foreclosurehomes, real estate, loans
