For the savvy investor, it is possible to find opportunities all around, and especially in times like this. The subprime lending crash has created a number of opportunities, from cheap real estate stocks and REITs to the opportunity to take advantage of the current buyer’s market in many areas. And one way to do this is through short sales.
What are short sales?
Short sales take place when the seller offers the home for less than he or she still owes on the mortgage. Most of these types of sales require lender permission to go through, and in cases of foreclosure the …read more

Right now, with the subprime lending crisis still looming, and the real estate market and mortgage market still struggling in many parts of the country, there is a temptation to make  a foreclosure purchase. The idea is that you can get these types of homes on the cheap either flipping them or turning them into investment property as your rent them out (perhaps to people who have been foreclosed on). But buyer beware! Foreclosure purchase is not for everyone, as Inman News points out:
“There are real risks in the foreclosures business … in a normal market. If you’re not schooled …read more