Chuck123

1 Comment

    • ON: Sun May 11th 13:32 PM
      Commented on:
      Seeking Foreclosure Riches: What Does it All Mean?
      Foreclosures come in stages 1, 2, and 3 and we are not 1/2 way done with stage 1. Stage 2 is from speculators that bought foreclosures from round 1, and round 3 comes from speculators who bought from round 1 or 2 looking for big fortunes. I wouldn't rush at foreclosures they are always good deals from individuals that must transfer or divorce due to unforeseen circumstances causing immediate sale. Remember when you buy a foreclosure (as is) your at risk of other underlying problems, if you buy otherwise you will at least have a sellers disclosure for legal ramifications. The economy (jobs) so weak and government so corrupt that I would take the wait and see approach for now, people chasing fortunes on foreclosures end up in foreclosure themselves. Patience is a virtue.
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