2010 foreclosures top the 1 million mark!

Our nation is on track to have over 1,000,000 homes foreclosed on this year.  According to RealtyTrac,  there were over 92,000 homes foreclosed on in July alone.  That's up nine percent from June.  What does that mean for buyers and sellers?   If you are thinking of selling, price your home for sale, not competition.  Houses that sell the quickest (and for ultimately more money) are priced just under what their competition is.   If you are thinking of purchasing a home, there isn't a better time to buy than now.  There is a three factor "perfect storm" that makes this so:  1)  there is an over-supply of homes;  2)  money is cheap to borrow and 3) housing prices have declined, influenced heavily by REO's and short sales.  If you are thinking of investing, do it now!  Just get pre-qualified for a loan first.  Need to find more info about foreclosing?  Go to www.AvoidIndyForeclosure.com or www.IndyHouseFinder.com.  You could also call me, toll free, at 888/456-FAST (3278)