Foreclosure bargains are disappearing...Some houses go under contract less than 90 minutes after they're put on the market, says the founder of Foreclosure.com
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221235
Here in Lake City, FL similar case as well....
41 home listings in Columbia county, Lake City FL are Bank, Foreclosure, or Short Sales,
That is out of 433 total home listings... Only 10% of the listings...
164 homes sold this year in the county...
58 of those were Bank owned, Foreclosures, or Short Sales...
Again roughly 30% of the market is this...
Chad.
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