http://money.cnn.com/2007/06/19/real_estate/500_top_foreclosure_zip_codes/index.htm
the last 3 month period…amazing
time to move and pick up some deals for a short time…
After reading this article and u cant make 10k (wholesale, flipping short sale, rehab, section 8, renting) from any one of those 100 zip codes then this is not your cup of tea lol keep your day job
SERIOUSLY…
This artcile will make some u folks some serious CASH
THE SECRET IS OUT INVESTORS (those infamouse zip codes - hehe ),share the wealth and dont be greedy!!!
somebody on the list deed over a house to me - this info is worth $$$$$$$$$$$$$$!!! hehe hahaha lol
p.s. zip code 44105 >>>> pick up 100k house for 30k … have fun kiddos
my 2 cents
Robert A. Doncaster, Jr.
Import/Export Entrepreneur & Investor
*** DO YOUR HOMEWORK ***
Chicago Illinois USA
& sometimes Salzburg, Austria :beer
Dude you crack me up :bobble
FYI, most all of these reports come from Realty Trac. :smile
Some interesting numbers. Not for value exactly, but they do tell a tell.
What is the foreclosure filings compared to, exactly? Each other? The total number of homeowners to foreclosure? Looks like just the total number of foreclosures, or foreclosure activity is more accurate, as it includes default notices and auction dates in total foreclosures, which really messes up the real numbers, though those default/auction numbers make it interesting.
For example, notice that Detroit has alot of auction/defaults but very low actual foreclosures. Totally opposite, Ohio has very few auction/defaults but a HIGH number of repos.
Also, these numbers don’t mean a lot until you compare them to the actual number of homeowners/borrowers. 1000 foreclosures sounds bad, but in an area of 500,000 owners, that’s about .02% or really nothing. Heck, I’d say that would be considered a LOW foreclosure rate. Now, a 1000 foreclosures in an area of say 10,000 owners, would be bad.
Raj