On January 29th 2008, RealtyTrac®, the #1 online authority for foreclosures & defaulted properties, released their 2007 U.S. Foreclosure Market Report.
In their report, they mention that the 2007 foreclosures are up 75% over 2006 with a total of 2,203,295 foreclosure filings. The report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent in 2006.
Why, as a real estate buyer, should you care about foreclosures? Opportunity!
Up until now, there were very few methods of finding a foreclosure or Power of Sale (or defaulted property) in Ontario.
I tend to think a little differently than the average Real Estate Agent, which is probably why you remain part of my sphere of influence. For Power of Sale listings and foreclosures, I have created a very detailed section of my website to explain how properties end up in Power of Sale and what it means to you and how you can capitalize on buying these power of sale properties.
Every great adversity of the homeowner in Power of Sale brings with it a great opportunity to any buyer like you who knows where to find these properties and how to purchase them.
Well, let me explain a little further...
With my POS newsletter, that alert will come to you 5 days per week showing you all the details of these power of sale properties, including the address and asking price! How can you lose?
If you are interested in receiving emails showing these new Power of Sale properties, please sign up to my POS newsletter here.
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
8 Website : Mississauga4Sale.com
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