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« If I'm a 725 FICO, will the subprime fiasco hurt me? | Main | What is one thing that I can do to make my house more salable? »

July 12, 2007

Are there really alot of foreclosures out there?

Cest_moi

Yes, sadly. Do you want to find some? You will need to have some economic wherewithall and some persistence. If you have these already, call.

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Buyers need to realize that banks are not readily signing off on "short sales." Most of the homes that are headed for foreclosure have negative equity. When people ask me to help them look for foreclosures, I tell them that I will also show them other homes that are priced lower than foreclosure listings.

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