Will Spike in Foreclosures Lead to More People Selling Homes For Sale by Owner?

Cnn, reported that foreclosures are spiking dramatically with increases nationally of 53% and hot spots like California increasing 160% over last year. The article quotes a RealtyTrac executive saying that a large portion of these maybe due to adjustable rate mortgages reaching their first adjustments. With the build up in inventory and dramatic flattening of home prices, remember the NAR’s

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