Consider it a sign of the times. Reuters reports that with the boom in foreclosures comes a boom in foreclosure web sites. RealtyTrac, a popular foreclosure listings site, has seen traffic triple to three million unique visitors from two years ago, which should be expected as the U.S. foreclosure rate has risen 80 percent from last year. Potential home buyers are turning out in droves seeking deals in excess of 20 percent off homes’ market value. Of course, buying foreclosed property is not without risks. You can minimize those risks by reading our article about investing in foreclosed real estate.
Credit: Reuters article