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More Foreclosures in Miami and other Areas Ahead: No Shortage on Foreclosed Homes in 2010

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By : Clark Raitz    99 or more times read
If you are constantly monitoring foreclosures in Miami, Georgia, or Louisiana, you are up for more interesting times. If you consider buying foreclosures in any or all three areas, there would be more opportunities up ahead in this year. There is no doubt that 2010 has become an active and interesting year for numerous homebuyers who have always aimed to invest in foreclosed properties at reasonable and logical costs.

There is no doubt that there was a record number of foreclosures in Miami in 2010. Demand for such homes also increased because many homebuyers know how ideal it is to own a house in the area. Florida is one of the states with the highest rate of foreclosures in the country. It is expected that the number of foreclosures in Miami and in other areas would remain high this year. Thus, good times are ahead.

Foreclosures in GA are also set to remain high in 2011. This is despite the fact that there are many programs being held in the state to curtail foreclosure. The state is also one of the states where there is a high level of foreclosure. There are currently thousands of foreclosures in GA that are up for sale. More homes would fall into foreclosure by the first quarter of 2011 when banks resume foreclosure transactions.

Foreclosures in Louisiana are not as high as in Florida and Georgia. However, there are still numerous foreclosure investment options in the state. There are reasons why many homebuyers prefer to acquire foreclosures in Louisiana despite the fact that there are more choices in other foreclosure-hit states.

Indeed, 2010 has been a huge year for investing in foreclosures in Miami, Georgia, Louisiana, and other areas. But experts emphasize that 2011 is also shaping to be similar, if not better, especially for strategic homebuyers who always intend to buy foreclosed homes at cheaper prices.
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