Thanks, Will do.

There are plenty of ways to sell your house. But if you need extra help check out https://webcastcity.com/WhyBuyThisHouse. It will help place your home on a webcast.

(Reuters) - Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.

But a painful part two of the slump looks set to unfold: Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures.

Mark, I'm not sure about your area, here it is a big thing in TN. I reccomend contacting your local realtor.

Ok. Thanks for the information. Is there a trend for buying large untouched land? Im looking to purchase some land that will require bull dozer to clear out and this will allow people to purchase lots of the land. Do you think its a good idea?

In my opinion, it couldn't be a better time to buyer a home whether it's to flip or to live in as a personal residence. Short sales is a really popular way right now for buyers to acquire a property for much less than market value. The reason why is because the bank will allow the home owner to sell the property for much less than what they owe on their mortgage and forgiving the difference between the purchase price and the loan amount.

Also, there are other programs that Fannie Mae offers that will give the buyer, whether they are investors or owner occupants, the money to actually fix up the property.

So do you think with this happening it is a good to for people looking to buy a home for the first time to jump on the foreclosed homes? And do you think it is a good time to flip houses?

Daily Real Estate News | Monday, April 02, 2012



Economists have been warning that a flood of foreclosures will soon be hitting the real estate market, likely this summer. Increases in foreclosures traditionally pull down nearby home prices. So should home owners be worried?

As of now, housing reports continue to show month-over-month drops in foreclosures. CoreLogic released a report late last week that showed completed foreclosures fell from 71,000 in January to 65,000 in February.

But as more banks look to clear a backlog of defaulting home loans from their books, economists say the public should expect a turn with foreclosures and the numbers are expected to soar in the coming months. Mark Fleming, CoreLogic’s chief economist, expects the wave to hit this summer.

However, Fleming doesn’t view the increase as a bad thing for the overall housing market. "I would like to see the pace increase, because that means we'll be able to work off the inventory faster," Fleming told AOL Real Estate. He says that recent improvements in the real estate market and economy may mitigate any traditional downward pressure seen on overall home prices by foreclosures.

In fact, despite an increase, Fleming still expects home prices to rise in some markets.

RealtyTrac has predicted that completed foreclosures will jump 25 percent this year, reaching 1 million.

"All of this will result in more foreclosure pain in the short term as some of the foreclosures that should have happened last year instead happen this year," Daren Blomquist, vice president of RealtyTrac, said in a public statement in February