| experts claim this shift will be positive, leaving the prime | | | | entitled "Regional Foreclosures Highest in the Nation: |
| mortgage market in tact. Whether you are located in | | | | Subprime Market to Blame" writer David Francis |
| Virginia or other states, navigating the sub prime | | | | discusses the rising foreclosure rate in Virginia. |
| market while the real estate waters are choppy is | | | | "Foreclosures increased by 18% in Maryland and 17% |
| tricky. You must learn how to invest wisely and hire an | | | | in Virginia, the second and third-largest national |
| experienced, trustworthy real estate professional to | | | | increases," Francis writes. "Experts said the dramatic |
| assist with the ins and outs of commercial or residential | | | | increase in the number of regional foreclosures is a |
| real estate investments. | | | | fallout from the subprime lending market. These |
| Residential Real Estate Investing: A Strategy for | | | | loans-given to people with limited or less than stellar |
| Success | | | | credit history-have been extremely popular in the |
| As the number of potential homebuyers drops due to | | | | region in recent years as buyers attempted to cash in |
| stricter sub prime mortgage lending requirements, | | | | on soaring housing prices," he continues. As these |
| residential investors have a unique opportunity. There | | | | homeowners experience foreclosure they again |
| are only a small number of mortgage lenders offering | | | | become part of the rental market. Other factors also |
| sub prime mortgages now. This leaves homebuyers | | | | affect the Tidewater and Hampton Roads region. The |
| dealing with credit issues out in the cold when it comes | | | | number of military families stationed temporarily on |
| to purchasing a home or property. People with credit | | | | local bases affects the rental market even more now |
| issues, some who need to spend a year or more | | | | that the real estate market has slowed. Military families |
| building and repairing their credit before they buy, are | | | | relocating to the area are generally stationed for only |
| now creating an exciting residential rental market. | | | | 3-5 years, which is not enough time to purchase a |
| Additionally, in a May 16, 2007 article in The Examiner | | | | property and sell it for a profit. |