Shadow market

 I came upon an interesting article about the "shadow" market of foreclosures. This article, while detailing Southern Florida, was very informative. I particularly liked this quote:

"At this rate, Verna figures it will be three to five years before lenders let all the homes go. The risk is that, by moving too slowly they could artificially raise prices in some areas, which might spur investors who bought homes as rentals to put them up for sale.
'The truth of the matter is we would have already gotten over it if they just let the properties get out there and get sold,' Verna says. 'So what are you doing? You're not stabilizing the market. You're creating more chaos.'"

If you are interested in investing in the real estate market, we can help. We are ready to be your property management team. We will find tenants, maintain or renovate the property, and take care of most of the hassles involved with being a landlord. (Sorry, you would still have to write the mortgage check each month. That's one service we don't offer.) Please contact us today for more information.