Mortgage defaults bring opportunities

Real estate flippers and other speculators have been flogged badly in recent months for being partly responsible for the quick run-up in prices during the boom years and now for the smoldering ruins they left behind. And deservedly so. They managed to do most of the damage in four states, namely Nevada, Arizona, California and Florida.

The Mortgage Bankers Association, or MBA, reports that Nevada sits on top of the list of most home loans defaults for investors in the prime and subprime mortgage segments. Please click on the link in this paragraph to read the entire article.