There’s been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.

You can get a great deal with a Cleveland foreclosure, but you have to be aware of a few things. Cleveland foreclosures are a great opportunity, but don’t go into the venture alone, especially if you are new to buying real estate.