Foreclosures Up 42% Over Last Year
Wednesday, November 29th, 2006CNN recently reported that foreclosures are up 42% over last year with Georgia, Nevada, and Colorado leading in the most foreclosed properties. This means that if you are interested in investing in property the time to buy foreclosures is now. One reason that many are facing foreclosures now is that they bought when the market was at its peak in hopes that home prices would continue to rise. This did not happen and now they are left holding an overpriced property. The time to buy is when the market is low or when you can get an item at a discount. Home prices are dropping and discounts can be found by buying foreclosures.