"You cannot completely trust the advice your broker gives you," said Christopher J. Mayer, a professor of real estate at Columbia Business School. "You have to become more educated as a buyer." Why a Real Estate Agent May Skip the Extra Mile, The New York Times, February 20, 2005
According to RealtyTrac.com, its November 2006 U.S. Foreclosure Market Report showed that 120,334 properties nationwide entered some stage of foreclosure during the month. That"s an increase of 4 percent from the previous month and an increase of 68 percent from November 2005.