FORECLOSURE

First of all, foreclosures are still hitting record levels. Don't just focus on foreclosure-motivated sellers. Understand that if there is a flood of properties in the marketplace, everyone is far more motivated and not just the people facing foreclosure. That means all other selllers: are motivated for different reasons: divorce, death in the family, frustrated landlords, whatever and they're far more motivated now. They are having a hard time finding a good deal. What does mean? it means the value of their house is going to fall.

The second thing we know is that good people are losing their houses; it's not just your typical credit risk homeowners. Now your every day family is losing their homes because they didn't anticipate what these loan programs would do to their financial situation. These are people that would normally pay their bills, normally, would never have a foreclosure on their record and yet they are losing their homes. You can't lose sight of who these people are. We know right now that supply is greater than demand and there is no end in sight as houses are still flooding the marketplace. That housing prices are declining in most markets.



FORECLOSURE
BUY HOUSES
SELL HOUSES
BUYING HOUSES