U.S. News & World Report has a variety of articles on the housing crisis with interesting angles. I thought you guys might like to read some of them.
Including, Should you lose sleep over Investing in Foreclosed Property? An excerpt:
“But the misery, fear, anxiety, and anger experienced by someone about to lose a home is an opportunity for foreclosure investors, who are prepared and eager to swoop in and snap up the property at below-market rates, often with cash or a cashier’s check in hand and sometimes well before the property is due for the courthouse steps.”
Also, The Haunted Housing Market.
An excerpt:
“There is no time to delay in combating the trends. Monetary policy cannot make bad investments turn good. Cheaper mortgages won’t cure the market where properties are plunging so much in value. The collapse of value will affect all homeowners and, through them, the whole economy. It’s bound to be the most pressing issue in this presidential election year. Voters in the primaries and general election should look to candidates with credible policies in mind to address this downturn.”
Also, At the Mercy of the Market.
And then 3 Key Ways to Buy Foreclosed Property.
Excerpt:
“More than a million foreclosed and “distressed” properties are expected to hit the market this year, from two-bedroom starter homes to 20-room mansions. But while the banks that own many of them are now preparing to sell them en masse at auction, most of the best properties will be sold long before the gavel comes down.”
Even tips in Talking with a Foreclosure Guru.
Enjoy.