The number of foreclosures nationwide hit a record low last year, but they are rising this year.That trend is expected to continue into 2007, mortgage-industry officials say, due largely to the dramatically higher payments homeowners face as rates jump on adjustable-rate mortgages.As far as I am concerned there is always money to be made in the Real Estate business.

I'd suggest you speak to your tax advisor as to passive and active incomes before you set up the company as well.As to the company, and setting the purpose, I'd suggest you think about what you might do in the future and elect all possibilities up front as that catch all phrase of doing all things necessary, etc. may not cut it in RE.

Jerry, the phrase 'be careful what you wish for' comes to mind.

I can see why the mere mention of them in a place would make me steer clear using the oft used phrase of today "Out of an Abundance of Caution"...Thanks for sharing @Gerald Pitts and showing how to address the issue asap as well as the rest of you who shared your stories and solutions. 

On a local-scale, where will the market trend?I

Glad the trend is continuing.

My keyword phrases for my areas are set.B: Drive for dollars daily.

That is one thing I look for... the conversion of abandoned buildings and the influx of trendy restaurants.  

@Wayne Brooks No, this is an REO property listed on the MLS with the phrase "SOLD AS IS PRICED AS IS AND AS AN ASSIGNMENT OF THE BANKS CONTRACT SPECIAL FORMS REQUIRED" noted in the listing.

I think a consistent growing trend is a requirement, and then appreciation/growth potential is an option.