It?s interesting who reacts and how to the real estate market?
Yahoo redesigns site with eye to foreclosures:
Yahoo! Inc., owner of the most visited U.S. Web site, redesigned its section on real estate foreclosures amid a growing number of defaults by subprime mortgage borrowers.
The Yahoo Real Estate Foreclosure Center lets users search for foreclosures and learn how to purchase the properties, said RealtyTrac Inc., the company that developed the section. The site lists Detroit; Greeley, Colo.; and Atlanta as the three U.S. cities with the most foreclosures.
Palm Bay, in Brevard County, was ranked No. 8.
“We believe the current market presents a unique opportunity for any buyer looking for a bargain,” RealtyTrac Chief Executive Officer James J. Saccacio said. The Irvine, Calif.-based company lists more than 900,000 properties in foreclosure in the U.S.