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Real Estate Foreclosure
RealtyTrac reports that $134 billion in adjustable rate mortages will be resetting to higher interest rates over the next two years. Foreclosure filings rose 23% nationwide in the quarter as compared to the same quarter a year ago. Sequentially the increase was 5% compared to second quarter of this year.
The top 5 states for foreclosure in 3rd quarter are:
1. Nevada
2. Arizona
3. California
4. Florida
5. Idaho
These foreclosures provide great opportunities for buyers of homes to live in or for investment purposes. The people who should take advantage of this opportunity are long-term investors – the ones who are experienced landlords or outsource property management to property managers and can hold properties for 7, 8, or 10 years.
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Pent up Foreclosures Huge Opportunity to Buy Undervalued Real Estate is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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