Three Reasons to Invest in Foreclosures in 2007

Three Reasons to Invest in Foreclosures in 2007
(with or without your own money or credit)

1. We Have More Motivated Sellers than Ever.

Foreclosures are up over 65% in 2007 versus the same period for 2006. This surge has come as those Creative Mortgage "teaser periods" expired and homeowners now have to make fully amortized payments. If their income didn't rise to meet those new payments, they are in a world of trouble. And you can help them.

2. The Real Estate Market is Healthy.

Former Fed chairman Alan Greenspan was right when he said the worst is behind us... "Weak housing markets aren't over yet, but they're getting stronger with the help of a drop in unsold inventories and interest rates at 45-year lows."

3. Investors: This is as Good as it Gets!

"Although it's impossible to know exactly when we hit the bottom on this price correction, I firmly believe that when the market heats up again this spring, we'll look back at this winter season as our best buying opportunity in six years, and wish we bought more property..." Alexis McGee.

U.S. Foreclosures Up 19 Percent in January

A total of 130,511 new foreclosure filings were reported in January, an increase of 19 percent from the previous month and an increase of 25 percent from January 2006. The report also shows a national foreclosure rate of one new foreclosure filing for every 886 U.S. households.


“January’s foreclosure number represented the highest monthly number we’ve seen since we began issuing this report two years ago,” said James J. Saccacio, chief executive officer of RealtyTrac. “The month-over-month increase is similar to what we saw last January, when foreclosures shot up 27 percent from the previous month; however, the year-over-year increase of 25 percent is well below the 45 percent annual increase we saw in January last year.”