The U.S. Government is actively moving to help individuals currently facing foreclosure. This is great news for the distressed homeowner and individuals who support the Government's efforts, but it may be bad news for those who seek to purchase distressed real estate, particularly in the pre-foreclosure phase. The effect on the economy also remains to be seen.

The NAR/NAA (National Association of Realtors) is offering a Real Estate on course November 6, 2008 designed with real estate auctions in mind. The move may be in response to the growing number of foreclosure auctions and agents who would like to know more about using the real estate auction process to his/her advantage.

The course is designed to help agents "understand and utilize the auction method of marketing and various levels of involvement. Identify properties and sellers that are good candidates for real estate auction. Establish an alliance with an auction company or establish an auction division within your company."

This Canadian news report summarizes the U.S. real estate market. If you are considering investing in Canadian real estate independently of, or in addition to, U.S. real estate, you might find this video doubly interesting. The host and co-host also cover a some invaluable investment tips applicable to sellers, regardless of regional location.

When the real estate bubble burst, people were quick to point the finger at subprime Adjustable Rate Mortgages (ARMs). A foreclosure report released by Hope Now, however, shows that prime rate mortgages are now entering foreclosure in larger numbers than remaining sub-prime loans. Were we wrong?