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REO/BPO and Foreclosures Real Estate Owned and Broker Priced Opinion topics, as well as discussions on foreclosures and how to make the most of this aspect of the real esate market.

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Old 06-15-2007, 09:21 AM
re7012 re7012 is offline
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Default Foreclosures

We operate www.CurrentForeclosures.com a foreclosure site and have seen a huge increase in the number of foreclosures in the past 4 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes. I recently read an article that predicated that 1.1 million of homeowners will be foreclosed on by 2014....thoughts anyone?
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Old 06-28-2007, 11:41 PM
agentpeter agentpeter is offline
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Default Re: Foreclosures

What markets are you seeing the highest amount of foreclosures? I would expect that foreclosures continue to increase as time goes on. There are more people buying houses, houses are more expensive = less affordable, and it's still easy to borrow money against your home (such as an equity line).
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Old 06-29-2007, 06:56 AM
re7012 re7012 is offline
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Default Re: Foreclosures

We have the majority of foreclosures in Texas, California, Georgia, and Michigan. This pretty much correlates with what I have been reading in the news. The market is already flooded with foreclosures, and I agree wit you-I think it will just get worse until next year. I actually am really interested in seeing if the government decides to regulate lending practices after this mess.

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Old 07-03-2007, 10:43 AM
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Jnazareno Jnazareno is offline
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Default Re: Foreclosures

this is nothing more than a spam ..mods pls remove
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Old 07-03-2007, 11:56 AM
re7012 re7012 is offline
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Default Re: Foreclosures

This discussion is NOT spam....please do NOT remove....I actually am interested in hearing others thoughts, as many realtors I have spoken to believe that the "housing crisis" is nothing more than media making a bigger deal about the slowing market than it actually is. As a investor in foreclosures myself, I am interested to know if I should stop flipping houses for a few years, or if the market will turn around before the media is predicting.


Again, Please do NOT remove this post.
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