The foreclosure numbers look awful. As many as 1 in 22 families in Nevada received some sort of foreclosure notice in June 08. The states that are in the worst shape, foreclosure-wise, including Nevada, California, Arizona, Ohio, Michigan, Texas, Georgia, Illinois and New York.

Bank REOs have grown dramatically. But that’s an opportunity for you, the future foreclosure investor.

Are you making money in foreclosures? If you are, share the love. Please share your stories of what you look for when you’re buying a foreclosure.

Published: Jul 30, 2008