For investors, a solid foreclosure investment is a good thing. Many are asking questions, though, about why these homes are in foreclosure in the first place. Could there be something wrong with them that cause them to have such a lower price? The fact is that in locations like San Diego, foreclosures are on the market because of bad lending practices, not bad people.
The fact is that many homeowners took advantage of lower introductory rates on home loans that adjusted over a period of time. They no longer could afford the home after the adjustment happened. The end result is foreclosures. Yet, San Diego foreclosures are opportunities because they allow you to get into some of the best properties sin the country for much less!
