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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (2951)	4/27/2010 10:43:25 AM
From: Real Man	Respond to of 222482

I just started participating in foreclosure Re auctions. So far not buying, just sniffing out the process. FWIW, you can snag a big deal for 1/3 of the current value there, it's hardly beatable. Re will never be completely worthless -g- By the way, distressed properties in Re are still gone in a nanosecond. They either stay 1 day on the market, or they never go on the market, and the realtors themselves buy 'em. The conditions in the Re market can be characterized by high degree of illiquidity. -g-