Bargain Hunters Can Make Themselves at Home in Foreclosure Segment of Metro Chicago Real Estate Market, Reports RE/MAX

Foreclosures will play a significant role in home sales for at least the next two to three years. The idea of getting a foreclosed home at a bargain price is enticing, but shopping the foreclosure market is quite different from buying a traditional existing home, and buyers need to understand how things work in this unique market.

Homeowners insurance policy may not cover an empty home

In many neighborhoods around the country, “for sale” signs outnumber telephone poles, and some of those signs are looking awfully weather-beaten. Even owners of oceanfront properties are having trouble finding buyers, at least at a price that will cover the amount they owe on the home.