Foreclosures Fall Slightly

newsobserver.com | NC:

Foreclosures present buying opportunitites...my guess is that over the next 3-5 years we will see a steady volume of them. New homes are sellling like hot cakes and often times, builders and bankers stretch to qualify marginal home buyers. When the economy cycles down the foreclosures rise and present buying opportunties for investors.

"The seven-county region had 2,872 foreclosures in the January-through-May period, down 1 percent from a year earlier"