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