Foreclosures Down in November, but Not Over Yet!

http://www2.timesdispatch.com/business/business/2010/dec/16/tdbiz01-foreclosure-activity-in-richmond-area-fall-ar-719135/

Foreclosures in Richmond fell over 40% last month due to banks reviewing the entire foreclosure process, to rid the process of flaws including robo-signing and to revamp their internal procedures by revising and resubmitting suspect paperwork. Unfortunately, "sometime in the first quarter, we expect to see a big spike in foreclosure activity as the issues with lenders are resolved," RealtyTrac spokesman Daren Blomquist said.

With interest rates continuing to stay low, foreclosures continuing to come on the market, and home prices continuing to be depressed, there has never been a better time to buy!!!

Don't hesitate to contact me if you have any questions or interest in taking advantage of this wonderful opportunity.