Buying foreclosures is chic right now. It’s what the smart money is doing, haven’t you guys seen the infomercials?
I want to go, just to see the process and get a feel for what the “investors” are bidding. Then again, maybe I’ll just wait for OC county to start having decent auctions and show up there.
Then again, maybe I’ll just cold call and introduce myself to the people at Countrywide that handle the REOs for the cities I like. Their backlog grows steadily and even though they don’t have many in the areas I want, they have plenty across the State and I’m confident they’re all starting to feel the volume.
