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Foreclosure Articles and Guides

Option ARMs: The New Foreclosure Menace
by Peter G. Miller
Fri, Oct 16, 2009
It used to be that few people had ever heard of something called “mortgage recasting,” but now this term is likely to become very well known, and not in a good way read more

Foreclosure Overview
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Buying Pre-Foreclosure
Discover discounts up to 20-40% below market value

Buying at Auction
Find some of the best bargains at foreclosure auctions

Buying Bank Owned
Learn how to buy a bank-owned (aka REO) property

Foreclosure Trends for United States  (change location)

New Foreclosure Activity
Average Sales Price
  October 2008 Year-to-Date
New Foreclosure Activity 1,570,229 13,636,185
Number of Sales 85,090 759,020
Avg. Foreclosures Sales Price $161,307 $161,755
Avg. Savings (what's this?) 31% 30%
Source: provided by RealtyTrac | data updated through October 2008
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