2087 foreclosure cases scheduled for today!

Yesterday we informed you of 1577 foreclosure cases scheduled in Los Angeles county. Today there are 2087 cases!

The outcome of yesterdays 1577 foreclosure cases are:

150- Cancelled- which means they are working on a deal or they came up with the money

90- Went to the bank and now the bank owns it period!

29- Went to a 3rd party, which means someone be it an investor, rich uncle, etc. bought it

1305- Where auctioned off!

Who are buying these homes at auction? As Warren Buffet said "when someone has it bad someone else has it good". In these bad times it usually is the best time for buyers or in particular investors to make a lot of money! While everyone has there head in the sand and believing and reading how bad it is, investors are capitalizing on everyone else jumping ship and losing their homes.

According to the AP article titled "Foreclosure rates surge, biggest jump in 5 years". Its only getting worse but at least banks are starting to move some of the inventory. Help is everywhere around but most people losing their homes are doing the old don't answer the phone, you can't see me thing? That does not help. As I wrote yesterday the best thing you can do is talk. From the beginning of time we have hopefully been taught to talk out our differences for only then can we come to some kind of resolution or compromise. Cause if we don't, as we can see things only get worse as in war, were everyone looses. For those who are mantaining and would like to capitalize or invest now. Some banks are still lending although they may make you bend over backwards to get the loan. You will find out that it was worth it when rates start to go back up. But with a professional to do the research and find great deals for you as my team does, you should have no problem making money now! Noticed the 29 cases that went to a 3rd party today. Was that a friend who helped out, grandma, a hard money loan? I'm sure like me your wondering is that a bandaid or will those cases not find there way back to the court house steps? Everyone knows of someone who is in trouble with their home right now. What are they doing? Have they asked you for help wether it be monetary or just good old plain advice? Remember the best thing you can tell them is don't sit back and do nothing! Control your destiny and make it happen instead of watching it happen to you. For help, advice always seek a professional. Rex Chapman The Concierge Group (310)272-6789 http://www.rexchapman.com/