Sunday, December 03, 2006

"Distressed Real-Estate: Priced to Sell"

"As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate.

So far, the U.S. housing slump hasn't produced a bonanza for such investors, but lenders stuck with foreclosed property are becoming more inclined to slash prices or sell properties through auctions, industry experts say.

"We're all going to have to be more creative in the next 12 to 24 months" in selling foreclosed homes, says Chad Neel, president and chief operating officer of Fidelity National Asset Management Solutions, a unit of Fidelity National Information Services Inc., Jacksonville, Fla. Mr. Neel's company helps lenders manage and sell foreclosed homes. "

full article...


Blogger AnalysisGuy said...

Today's report on Boston has been released on both my blog and our new website. History has shown us that Boston is a great indicator of what will happen in the rest of the US.
Daily Home Price Analysis

Monday, December 04, 2006 4:05:00 PM  

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