Reo properties - Gap Between Prime and Subprime Foreclosures Narrowing
Saturday, September 20th, 2008, which hit the subprime industry at the beginning of 2006, has now crossed-over to the prime mortgages. As the non-profit alliance HOPE NOW reported that for the month of July, about 105,000 of the 197,000 foreclosure filings originated from prime mortgages.
Source: www.foreclosurelistingsnationwide.com
Foreclosure Tour Buses: All Aboard!
In Centreville, Virginia, home buyers and investors who are in the market for one of these foreclosure homes are getting on foreclosure tour buses in order to check out the many bank foreclosure for sale.
Source: www.foreclosurelistingsnationwide.com