Government Foreclosures Investment Strategies: San Diego Foreclosures and REO'sLeave a comment »
Everyone loves a little bit of controversy, especially in
the business of Real Estate investing.
Check out this recent bit of news, and let us know what you think. Quite
frankly, I am all for the beautification and preservation of San
Diego, but as a Real Estate investor, this concept is just a little too "big
brother" for me. Read on, and let us know what your thoughts are. By the way,
if you feel the same way as I do, there is only one thing investors can do
about it: stick together and keep buying San Diego foreclosures and REO's, so
that everyone can benefit from our efforts. Here goes: I came across an article
in the San Diego Union Tribune that was very thought provoking. The article
discussed some novel ways which cities were brainstorming to solve the problem
of San Diego foreclosure and REO homes and the blight they create when they sit
on the market. How will the City deal with rows and rows of San Diego foreclosures
and REO homes lowering the value of homes near them and inviting squatters or
worse. One solution being explored by the San Diego City-County Reinvestment
Task Force is to create a regional bank. A new agency would be created that
would buy up these San Diego foreclosure and REO homes before they became city
blight or a speculators dream and instead create affordable housing. Related PostsHow To Make Money Buying Foreclosures: San DiegoAbout Foreclosure, REO, and Real Estate Terms: San Diego What Does It mean To Lock a Loan?: San Diego San Diego Forclosure Investment homes 2008 How To Estimate Remodeling Costs to Increase Profit When Buying Forclosure Homes http://www.sandiegoforeclosureconnection.com/002228
Posted on March 08, 2008 12:53:05 by Amy and Susan
Posted in Foreclosure News
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