Archive for September, 2008

Foreclosures spike - and they will get much worse. Foreclosures increased in 46 states and in 90 of the nation's 100 largest metro areas. Yes folks bargain hunters are flocking into the foreclosures market. These "real estate owned" homes always have a clear title, which saves time, expense and general worries about foreclosures.

There are many pitfalls in the foreclosure markets. One house may seem like to good a deal to pass up. You need to have a strong due diligence plan and check it twice.

I decided it was time for another Coconut Grove foreclosure update. We have seen a slight increase in the amount of bank owned properties since my last analysis on August 22. Here are the most recent numbers regarding the Coconut Grove Foreclosure Market.

According to August 2008 U.S. Foreclosure Market Report released by RealtyTrac on Friday the number of foreclosure filings nationally increased by 27 percent in August 2008 as compared to August 2007, but the rise was substantially lower than the previous months this year.

Find out the truth Behind Arizona Real Estate foreclosures and Short sales