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More Great News for RE Investors

How do you read this? Maybe I’m just an eternal optimist, but damn this sounds like “blood in the water,” baiting the feeding frenzy. And guess who’s a hungry shark?

Lil ole’ me!

Check it out people. Think the banks don’t have a mess of inventory that they’re sitting on? Think again. If you’re not in the game, you better get in the game – because there may never be a better time to profit from real estate.


Foreclosure activity slowed in first half of 2011

By ALEX VEIGA, AP Real Estate Writer – Thu Jul 14, 12:07 am ET
LOS ANGELES – The number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result of delays in foreclosure processing that threaten to stall a U.S. housing recovery.

Banks seized 421,212 homes in the first six months of the year, down from 529,633 between January and June last year, foreclosure listing firm RealtyTrac Inc. said Thursday.

The decline reflects lenders taking longer to move against homeowners who have fallen behind on their mortgage payments. The banks are working through foreclosure [read the rest of the story here]

 


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