Foreclosures - are they a POT of GOLD
By Gena Bolton, Sandestin, Destin and South Walton 30A Real Estate
(Real Broker LLC - CRS, GRI, CLHMS )
www.mygcmls.com How to buy a foreclosed home, there are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate's maelstrom. Here's what to consider. There are certainly plenty of foreclosed homes on the market. Fannie Mae CEO Daniel Mudd said that the company is pushing hard to sell more foreclosed properties, to get them off the books. "I don't think this is a time to be holding onto REOs and hoping for a better day," he said. Steve Dexter, author of "Prospering in the Rising Wave of Foreclosures," has bought dozens of foreclosed homes and thinks now is a good time to dive in. The book quotes "It's the best way to buy, and it's time to buy again," There are three different stages of foreclosure, each of which presents diff...
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