Now is the time to take advantage of this market!
From the NY Post
Residential-foreclosure figures for January, compared with December.
Jan. 2009 % Change
Bronx 33 up 267%
Staten Island 58 up 76%
Manhattan 5 no change
Brooklyn 12 down 14%
Queens 170 up 56%
Total foreclosures are up 64%!!!!!! This is the time to take advantge of this. NY just had one of the biggest foreclosure auctions ever. Some Houses had starting bids at 60% below cost.
States with the biggest in homeowners 90 days late in paying mortgages (4th quarter 08)
1. New York up 35%
2. Arizona up 34%
3. California up 31%
4. Conn. up 29%
5. New Jersey up 28%
This should keep us motivated. We need to all try and move as fast as we can. Houses have never been so cheap.
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams