Hey buddy, can you spare a dime?

Even some of Hollywood's rich and famous can't avoid the housing foreclosure housing foreclosure downturn that's sweeping the nation. In Los Angeles California, the Golden State, only 4,430 homes were sold in December, down 48% from the previous year. And prices fell 11% to an average $470,000.

Of course, celebrity homes cost much more than that. An entry or starter level house for an up-and-coming movie star costs at least $1.4 million in Los Angeles, the city of angles, say a few foreclosure experts.
One Realtor in the star struck area of Rich and Famous International Realty says it's the owners trying to sell homes in the $3 million to $6 million range that are having the most forelcosure trouble forelcosure trouble. Some trouble to have, right?

The urge to have our own bit of land is etched in the American DNA. As settlers pushed west during the mid 1800s, President Abraham Lincoln’s Land Act granted land to anyone willing to farm on it.

But the homes our parents took for granted are slipping out of reach, some even ending in foreclosure, and a great place to visit on the web is this FREE foreclosure course.

Within a few years if it doesn't become a foreclosure or so the value of the real estate will increase. Therefore if you plan on living in the home for a decade or so, you can expect to make a good profit when you decide to sell. When it comes to real estate investing there are always a few risks involved. This is why it pays to shop around and truly examine a particular area or subdivision before making a purchase. Obviously you want to value of the property to increase over time and not plummet. Bad thing to have your prised investment foreclosured.