Foreclosures on the Rise & with Banks Overloaded, There's No End in Sight!!!

Along with the rest of the Nation, Richmond, VA saw an uptick in distressed real estate for the third quarter of 2010, and there seems to be no immediate end in sight. With major U.S. Lender's stopping Foreclosures in recent months as they review potential flaws in the Foreclosure process, the freeze is causing a buildup of distressed property across all 50 states. Looks to be another wave of Foreclosures yet to come...now let's just hope interest rates stay low so that Buyer's can continue to take care of all the deals out there!  


http://www2.timesdispatch.com/business/2010/dec/02/b-fore02-ar-689289/