Archive for December, 2009

Foreclosures. Ummmm. Yummy! Or maybe not.

Here’s a link to a New York Times article on foreclosures that paints a pretty realistic picture about buying a foreclosed property by the uninitiated or faint-of-heart.  It can make sense for some people, but certainly not everyone, and probably not most people.  It’s hard work, both before and after the purchase, and certainly no guarantee of quick homeowner equity.  Take a look.  NYT Article