Buying foreclosures

Everybody is talkin' foreclosures these days foreclosure At lunch, in the office and on the phone......everybody seems to be obsessed with FORECLOSURES. Foreclosure monitor RealtyTrac said the number of foreclosures nationwide was up 24.5 percent from the first quarter of 2005 to the fourth quarter. Courtesy of Money Magazine, here are three forclosure myths:
Myth no. 1: A big spike in foreclosures is right around the corner. Myth no. 2: Foreclosed houses sell for far less than their market value. Myth no. 3: Anyone can make money in foreclosures.
Foreclosures: Bargain hunters beware! [Money Magazine]

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