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