August 29, 2006

Foreclosed Properties

Foreclosed Properties � �

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As some homeowners get squeezed by higher mortgage interest rates and a cooling real-estate market, many house bargain-hunters are turning their attention to foreclosures. � �

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They hope to get good deals by buying from homeowners who are falling behind on their mortgages or by buying after the lenders have seized such properties. � �

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Confirming the trend, online Web sites such as Foreclosure.com, Foreclosures.com and RealtyTrac.com, which list foreclosed properties and charge subscription fees, all report an increase in listings. � �

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Get the full story here…

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