CRISIS = OPPORTUNITY The current downturn in the economy offers an unprecedented opportunity to buy single family homes and condo units at incredibly low prices. Banks are literally swamped with foreclosed properties that they must dispose of very quickly. Owners of properties, short on cash and facing...

Every part of a down cycle in real estate sees the rise of foreclosure seminars and books touting how to buy a home for half price. In reality, they are all shams. Once a home in default reverts back to the lender, they will list with a local agent and the home will be on the open market like any other...