How to Get Out of Debt – Free Help

Totally free help and honest answers from the Get Out of Debt Guy – Steve Rhode

I Couldn’t Help Myself, I Had to Look At The Local Foreclosures

Posted by Steve Rhode Ask me your question.

Click on the star rating below to rate this article. (No Ratings Yet)  Loading ...

I just wrote an article about the really high foreclosure rates as reported by RealtyTrac. That really got me thinking about foreclosures in my area so I went to RealtyTrac to find my local foreclosures, and there were a lot more than even I expected, and the economy around me isn’t bad!

If you want to find a local foreclosure around you just use the RealtyTrac link and either plug in your zip code or your city and state. I think you’ll be as shocked as I was.

I even plugged in 90210 (Beverly Hills) and there were 1,040 either in pre-foreclosure, at auction, or bank owned. The bank owned group was 399 properties alone. These are homes where the bank was the highest bidder at auction and is now sitting and holding this property.

I’m sure there are plenty of foreclosure investors that are just sitting on the fences right now waiting for the real estate market to reach bottom and then snatch up loads of foreclosures.

It is interesting that in a horrible market with more than 80,000 homes a month being sold at auction that it spells opportunity and profit for the foreclosure specialists.

I bet the banks are going to cut some really good foreclosure sales deals to unload all these homes sitting on their books. Besides, some communities are requiring the banks to keep the properties in good shape and keep the lawns mowed. That’s just more expense to the bank for a non-income producing property it is having to hold.

Sphere: Related Content

Other Related Articles to Read

• If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt.
• In this economy, layaway is in vogue
• 81,312 Foreclosures in September. More Than Just a Number.
• What Would Happen if I Got a Mortgage With My Bad Credit Boyfriend? – Shelly
• My Husband is a Builder and a Stock Market Investor. Do We Qualify for Debt Assistance? – Shannb

What do you think this person should do? Do you have a message of encouragement or support you'd like to leave? Leave you comments and advice below.

 

Do You Have a Get Out of Debt Question You Want to Ask?

I'm happy to answer any question you have about how to get out of debt, as honestly as possible by sharing with you my experience and truth that I learned from helping thousands of people to get out of debt. Don't be shy, if you need help, ask now, click here.

And if you want to follow the latest questions and answers, just subscribe to my site RSS feed or get the email newsletter for free.

Powered by Wordpress | WP Premium theme by WP Remix
Copyright 2007. How to Get Out of Debt – Free Help. All rights reserved

• Home
• Ask A Question
• Confidential Tip Form
• Forum
• Terms
• 6 Ways You Can Help
• Debt Consolidation

Please Let Me Help You For Free!

Just tell me your situation, click here, and I'll gladly help you for free. My offer is simple, just tell me your situation and I'll help you with advice and a plan, absolutely free. You don't even have to tell me your email or anything like that. I'm offering you anonymous free help.

Why? I've been deep in debt, I've walked in your shoes, I know what it is like. I just want to help. Click here, and I'll gladly help you for free.

If you are looking for professional interaction into your situation then you should click on the graphic below.

Close Message