Sacramento had one of the fastest appreciating real estate markets in the country.

Prices were jumping daily and people were buying way over their head because prices were "never going to go down". But they did, resulting in thousands and thousands of REO's, real estate owned by the banks and mortgage holders.

REO's are property acquired by lenders through foreclosures or deeds in lieu of foreclosures.

With the waning economy and the huge drop in house prices, combined with excessively loose loan policies in the first half of this decade, thousands have found themselves in over their head and have simply walked away from their homes.

This presents a unique opportunity for investors. The opportunity to invest in homes that have been taken back by the lenders, REO's. Why is this an opportunity? Because lenders aren't in the business of selling (or renting) houses. They don't want them. It looks really bad on their books to have a lot of them. As a result, they want ot sell them and sell them fast. That means at reduced prices. Now is the time to pick up some incredible bargains. But, in order to pick up REO's, you can't go to just anyone. You need the expertise and guidance of professionals that have developed relationships with these institutions.

You can find these professionals by contacting local lending institutions and asking who they use to market their inventory.

Not the best method because - for some reason - these institutions don't like to give that information out.

Another way to find these homes is to drive the neighborhood looking for them, then contacting the real estate professionals that are listing them. Chances are that if they are marketing homes for one institution, they have established a relationship and will have more homes in the future.

More info on your stop foreclosure information search:

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