BluegrassForeclosure.com

RealtyTrac.com raises interesting questions for 2010.

Question 1: What’s the outlook for foreclosure activity in 2010?
It’s likely that we’ll set a new record in terms of overall foreclosure activity for the fourth consecutive year.

Question 2: Will we see a flood of REOs?
Investors, home buyers and real estate professionals have all been anxiously awaiting a tidal wave of REOs for the past two years. Instead, inventory levels have remained frustratingly low, even in some of the hardest-hit foreclosure markets. Expect more of the same in 2010.

Question 3: Will there be a surge in Short Sales?
A big frustration for potential foreclosure buyers has been the difficulty in buying a property via short sale. Agents have questioned why banks reject a short sale offer 20 percent below the mortgage amount only to spend tens of thousands of dollars to foreclose on the home and then sell it as an REO at a 50 percent discount.

Question 4: Is now a good time to invest in foreclosures?
What all of this means to foreclosure buyers and investors is that the process will require more diligence, persistence and patience. But there has never been a market with as much — or as varied — inventory to choose from, and the combination of deeply discounted pricing and historically low interest rates make many deals once-in-a-lifetime opportunities.