Market update

Hello,

I've been too long in posting, but got sidetracked with illness of my brother, who is a stroke victim--he fell and broke his foot, and his recovery has been very difficult for him and us!

But, am glad to say that now, finally, he has been given the go ahead to use that foot to walk on again, and so he's back in physical therapy, learning to use that paralyzed side. Not easy!

The market still is flooded with foreclosed properties, and yet more to come. I'm member of a real estate investor group,-- the leader of the forum is out of Dallas, Tx, and she subscribes to a publication that goes to all REO managers for banks. The word in the latest publication is that REOs are not going to peak until 2009,-- late in that year,... so that means, we still have at least a year to go!! So, if you are looking for bargains, be aware that the market still may have some way to fall yet, and those calculations should be included in your offering price.
Call me if you want more details on this information!
Have a great week!