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I just paid money for a subscription and I was surprised this site reported several properties in pre-foreclosure just to find that not only were these properties listed for sale, but they were already in contract to be sold. Very surprising to see the out dated data.
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I've done a video demonstrating how to do this: http://lowtech-ventures.blogspot.com/2010/09/using-realtytrac-to-find-next-real.html
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The Neuse River Region Association of Realtors (NRRAR) reported 262 new listings in February, with an average listing price of $225,080. At the low end was an REO 900 sq. ft. “fixer upper” bungalow in Bayboro, Pamlico County. The priciest listing to come on the market in February was a 3100...
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I did see that NYT article and was pretty floored that a publisher would take it that far. The thing with being upside down is that the loss is a paper loss that is not realized until you actually sell. Statistics show that less than 15% of homeowners who are underwater "have to sell" and,...