Tuesday, December 18, 2007
Real estate investors in San Francisco Bay area hold more than one-fifth of the properties that fall under foreclosures. It is known that one in six of the real estate properties repossessed through the month of September was been owned by people with two or more foreclosures in their names. Experts say that the area's frenzied real estate and the availability of sub prime loans enticed novice and experienced speculators to grab the properties with hopes of flipping them into quick returns. It is been noticed that, more than 6500 condominiums and repossessed houses found both naive investors and perpetuators of fraud among those who face multiple foreclosures.
posted by We buy houses, Stop foreclosure
@ 1:50 AM
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