Foreclosure Opportunity

This article on Trulia is a great reality check. http://www.trulia.com/blog/taranelson/2010/05/top_10_myths_about_buying_a_foreclosure
There are some big misconceptions out there about purchasing a foreclosure. What I see and hear about the most is the expectation of a price 50% below value. While it does happen, I rarely see it. They are also typically more complex than the average sale, so many find them too frustrating. The current distrust of banks (although really were they ever in the circle of trust?) makes things a bit more emotional too. My advice is that anyone thinking of purchasing a foreclosure should do their research and be prepared, flexible and patient and you’ll be well compensated.

We had a great 40th anniversary dinner at Haven in Brookhaven. I highly recommend it for a special occasion.