FORECLOSURES LOW IN NEW MEXICO

Forbes rated New Mexico one of the state's where you can get the best deal on foreclosures. There will not be as many here and the economy is strong so buying low and selling high is a real possiblity.

The New York Times last week analyzed where the high foreclosures are occurring and we didn’t make the cut. In some States, like Nevada, the number of foreclosures exceeds the number of sales. In CA in 2007 a quarter million homes were subject to some legal action. I spoke today with another realtor friend in Santa Fe who said there are few foreclosures. Everyday I get an investor who calls and wants me to look for good foreclosure deals where they can pay 40% off the list price. It’s just not happening here. Maybe it will, but we aren’t seeing it yet.