Seizures On The Rise Again

About 3 of the 4 major housing market in the U.S. saw an increase in seizures. There have been seized on the 1.6 million homes in 75% of U.S. metropolitan areas. This is another indicator that home prices will probably not occur until a few years at least. This means there is still time to buy investment properties at bargain prices. It's not too late.

Increase in foreclosures is an ongoing unemployment sad. Yet to be officially shifts to 10%, the actual number is probably higher than 20%. So many people without a job, it will be difficult to continue paying their mortgages.

In addition, many of these at home owe more on their mortgage than the value of the house. For example, a homeowner may have in their $ 250,000 house that is not worth $ 150,000. So, in practice, many are within walking distance from their mortgages and leave their homes to go to foreclosure.

Florida, California, Nevada and Arizona with the highest foreclosure rates. This means they are good places to find opportunities to invest in real estate. Prices are low, but people still need housing, making it a prime opportunity to buy homes at low prices and find good pool of tenants.