Foreclosure Myths

 (Source: Realty Trac)

      Foreclosures always represent a great investment deal.

       Foreclosure Properties have a lot of equity

      Homeowners are motivated to sale

      Foreclosures only happen in poor areas

      Lenders want to foreclose on homeowners

      Foreclosures can be bought for pennies on the dollar

      Foreclosure investing is an easy way to get rich quick

      Foreclosed homeowners never actually get kicked out of their homes

      Financial irresponsibility causes most foreclosures

Foreclosure Presentation by Alan Lee                                                           6/2/2008