Savvy investors know that there’s money
to be made in good times and bad. Slowing home sales have wags
predicting opportunities in one of the saddest segments of a
falling real estate market: Foreclosures here is more
For the past few months, analysts nationwide have been
touting foreclosure opportunities, in which investors, eager for
properties to flip or rent, try to buy them well under market.
Though foreclosures have picked up, analysts tracking the trend
say the bulk of distress sales are likely in 2007 and 2008, as
many adjustable-rate mortgages reset.
Investors should research carefully as they consider getting
into the foreclosures market. Keep in mind that doom-and-gloom
predictors could be wrong — mortgage rates have actually fallen
in recent weeks and the Fed has held off on raising interest
rates lately. So it’s possible all but the most strapped
homeowners facing resetting ARMs will be able to refinance