A novel marketing strategy was devised by Marc Joseph, owner of Foreclosures 'R Us, to entice potential homebuyers in Cape Coral, a city crisscrossed not only by foreclosed homes but also by waterways and canals.
Even if home prices bottom out this year, the recovery of the housing market will not happen until late in 2010 or 2011, according to economists and real estate analysts. A new wave of foreclosed home inventories is even expected due to the adjustment of risky mortgage loans.
A rising number of newbies have been participating in auctions of homes included in foreclosure listings due to falling home prices and bid price levels.
Industry experts noted the increasing number of second houses in Southern New Jersey’s bank foreclosed homes listings. The state of second-home foreclosures has led to the creation of a service for property renters.
Michigan was still 6th in RealtyTrac's ranking of foreclosures by state in February 2008, with 12,564 foreclosure filings. This figure represents a 10 percent increase from the January total of 11,418 foreclosure filings.
A growing number of real estate brokers in Chattanooga are following the popular selling technique of brokers nationwide--using tour buses to bring homebuyers to look at repo homes.
Stories of foreclosures are not all tears. As a matter of fact, they can open up new doors for some people. The very existence of foreclosed homes has given home shoppers the chance to get great deals.
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