The Price Is Right: Where Foreclosures Are Selling
You've heard over and over about where the foreclosures are, but BusinessWeek took a look at where the foreclosures are getting bought up. While California and Nevada top the list, states like Connecticut and Massachusetts show that smart buyers are snapping up the deals in good neighborhoods. And even in places like Southern Florida, things will likely turn around in a year or two when all the excess inventory gets sold off at a discount.
If you are interested in foreclosure properties, but don't know where to start, check out the re-designed foreclosure page at AOL Real Estate. There's information on foreclosure laws, short sales and the foreclosure process.
Brett Widness is an editor with AOL's Real Estate channel and a licensed agent in Virginia.