Foreclosures.com: California Default Rate Slows, Hot Markets Cooling

Foreclosures.com: California Default Rate Slows, Hot Markets Cooling: "SACRAMENTO, Calif.--(BUSINESS WIRE)--July 18, 2005--Foreclosures.com, a distressed property investment advisory firm based in Fair Oaks, CA, reported today that foreclosure activity in the Golden State continued to decline in the second quarter of 2005.
'We saw a total of 11,715 notices of default filed as of June 30, 2005, down from 13,363 at the end of the first quarter,' said Foreclosures.com president Alexis McGee. She added that foreclosure activity in the state was at its historic baseline with approximately double the number of defaults occurring in southern California than in the north"
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Young homebuyers banking on options

DallasNews.com | News for Dallas, Texas | Latest News: "Eric Pinto and Geri Charles had good credit and wanted to buy a house. But they didn't have much of a down payment.
So the couple, both 28, turned to a zero-down mortgage to get into a $150,000 Junius Heights bungalow. They expect to sell in a few years for a tidy profit.
'I look at the house as another business decision,' said Mr. Pinto, an executive at a network security company. 'This is kind of a short-term investment, and we're doing things that give you instant equity like home improvements.' "
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Buying rental property: popular, profitable and perilous

Buying rental property: popular, profitable and perilous: "Almost one-fourth of all homes being sold in the U.S. are being grabbed up by investors. Why? Same reason 1930s-era thief Willie Sutton said he robbed banks -- that's where the money is.
The appeal of owning rental real estate lies in the promise of a big payoff. Real estate has been appreciating for years and last year was no exception. The median sales price of an existing single-family home across the country in February 2005 stood at $191,000, an increase of 11 percent from one year earlier, according to the NAR. At the same time the average condominium sales price stood at $210,700, a boost of 20.5 percent from one year earlier. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.