Saturday, August 15, 2009
It seems that these days we don't have the same inventory we used to have in relation to Foreclosed homes. Our market has been able to absorb a high percentage of foreclosures. Some of these homes last only a couple of days before they're contracted. I've noticed that there are less and less homes being foreclosed on in our area...it seems that most of the loans that had ARM's are coming to an end, and we'll see less foreclosures toward the end of the year and next year. I've seen it all when it comes to foreclosure...the homeowners side and the investor side of it. Although I'll definitely miss the action, I must say that I'm happy to know that less homeowners are losing out on their biggest investment.