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what is an approximate buy price percentage for foreclosed properties (relative to similar re in the same area)? and the average build up costs to bring it within spec? i know this question has a lot of dependencies, but i'm trying to establish a gap between buying legitimate vs. foreclosures.
are there resources available to identify foreclosures since they aren't the kind to be listed in the mls site. will this be a cold calling the banks effort?
and finally what is your feeling about foreclosure rates on the coasts specifically Cali and the NE? sharp increase? seeing as how the bubble has primarily effected these areas.
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http://news.yahoo.com/s/nm/20070329/...foreclosure_dc