Just when you thought it was safe to go back into the real estate investment market in South Florida, commercial property foreclosures jump out of the news and bite owners right in their wallets. Of course, the ill fortune of former investors becomes the very good fortune for new investors waiting on the sidelines with pockets full of cash.

Commercial real estate is currently in the tank. While residential sales are slowly creeping upward, commercial real estate sales are lagging. Cities all over the country are reporting larger than ever vacancy rates, with the national average standing at close to 16%. It is interesting to note that in Beijing, the vacancy rate is hovering around 23%.

Foreclosures are on the rise all over the country. As people are losing jobs and as wealth vanishes, even mortgages that are not subprime are going into default. Yet, as more people abandon their homes because they cannot pay their monthly mortgage costs, hungry investors with cash are scrambling to purchase those homes at bargain rates.

A particular trend in the mortgage industry is to sell your mortgage note to a real estate investor to obtain cash to pay off your debt. A mortgage note is a legal document connected to a mortgage loan. It documents the promise to repay money borrowed to purchase real estate. Also referred to as a promissory note, this document includes specific information regarding the amount of funds borrowed, interest rate and who is responsible for repayment.

Foreclosure Trackers, Inc., a one-stop foreclosure resource for investors of all levels, will present “Defaulted Mortgages: Turning Foreclosures into Investment Income” on Saturday, March 1 at 11:30 a.m. and 2:30 p.m. and Sunday, March 2 at 11:30 a.m. and 2:30 p.m. during the Home Improvement & Backyard Living Expo at Angel Stadium of Anaheim.

The Queen has approved that Richard Hart Powers Esquire be appointed a Church Commissioner for a one year term until 31 December 2008 in succession to Robert William Heskett Esq on his resignation on 23 November 2007.

Casa Latino Franchise Corporation, franchisors of Casa Latino Real Estate offices throughout the US, has announced its plan to award Master and Area Development Franchises in twelve countries as the company embarks upon an aggressive international real estate expansion in Dominican Republic, Puerto Rico, Costa Rica and other South American countries.