Cherokee County Real Estate
A Video Blog For Cherokee County Georgia

CNBC News video about the “Housing Crisis” is interesting in that it talks about the hard numbers. Watch the video and decide for yourself if you believe the problem is over-blown or not.

Video

Thanks to the Atlanta Journal-Constitution and The Wall Street Journal…A great article about trying to buy foreclosures. Written by The Wall Street Journal authors Kelly Evans and Sara Murray and picked up by the Atlanta Journal-Constitution in their February 13th edition, this is well worth a read.

Foreclosures a difficult buy
Methods other than auction tend to be more fruitful
By Kelly Evans, Sara Murray
Wall Street Journal
Published on: 02/13/08

You might think that it’s an especially good time to get a deal on a foreclosed home at an auction. It isn’t.

Despite the growing number of foreclosures across the country, there are few bargains to be found at auctions. For one thing, you’ll be competing against savvy local investors who know how to gauge a property’s real value. What’s more, many properties are mortgaged so steeply that banks often ask for bids that are higher than the properties are worth. (more…)

This may be good information for those of you interested in Foreclosure properties.

www.denboerhomes.com