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How foreclosures will save housing: 28pct of homes sold in Q1 in foreclosure

Posted on 27 May 2011

Foreclosures are the blight that has spread through the real estate market and driven prices to decade lows. The drop in property values that foreclosures have caused has pressured homeowners who want to sell their own houses.
Foreclosures have been a critical reason that many have underwater mortgages which prevents them from selling their homes at all. And foreclosures cause more foreclosures. Those underwater mortgages become too much of a burden to some Americans. These people lose their homes……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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