Foreclosure Investing

Wall Street Journal reports on increasing foreclosure investments because of cooling home prices. You can see the article here.

WSJ reports:

"Rising interest rates and a cooling housing market are whetting the appetite of real-estate bargain hunters and fueling interest in Web sites that list homes in, or near, foreclosure.

Economists expect delinquencies and foreclosures to increase from today's historically low levels. Nationwide, the percentage of home loans on which payments were past due fell to 4.41% on a seasonally adjusted basis in the first quarter, after rising to 4.70% in the fourth quarter of 2005, according to the Mortgage Bankers Association.

A variety of Web sites have sprung up to cater to home buyers and investors looking to purchase properties ..."

This is the best time to get ready and do your research. There will be many more foreclosures coming to the market. Be prepared and do your research.

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