Thinking about buying foreclosures?
Sure, why not. Bargains everywhere right? Maybe. I wouldn't say that buying foreclosures in this market qualifies as "contrarian investing" but...
At least do yourself a favor and spend some time learning the ropes first. It's not--as its promoters would have us believe--like shooting fish in a barrel, especially now that investing in the declining market has become the new vogue. Here's a blog post by Temecula California realtor article Kathy Neilsen on what to do and what not to do. I wouldn't say it's the first, last or only word, but it's a great start and a helpful perspective from a pro if you're thinking of diving into this shark pond.
