Mann Realty New York
As reported on RealtyTrac.com on May 13, 2009, the 342,048 foreclosure filings in the United States for April 2009 represented an increase of 32 percent from one year ago and a record. The foreclosure filings reported by RealtyTrac refer to bank repossessions, default notices, and auction sale notices.
For real estate investors, properties facing or in foreclosure may offer opportunities to enhance existing real estate investment portfolios. Contrary to the impression given by infomercials and other high-pressure advertising, investing in foreclosure properties is a high-risk venture for the novice, uninformed real estate purchaser.
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