Even More Foreclosures

Posted By: Dr. Frugal in Economics on 10/11/2007 at 05:30:36

Now, friends, is the time to flip houses. Compared with September 2006, last month there were twice as many houses moved into foreclosure. 220,000 houses in foreclosure last month would essentially wipe out my whole Chicago suburb. I realize America is a large country but thinking about it as a large city being completely erased makes it a little more real--at least it does for me.

Since foreclosures are the hottest properties to flip, if you've got the cash and the time now is your chance to enter the market.

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