Foreclosures to be hot niche in '07 
Distressed borrowers bring agents new opportunities
By Bernice Ross, Friday, December 15, 2006.Adjustable-rate mortgages with interest-only options have driven much of the buying activity over the last five years. With a slowing market, some owners may find that they owe more than their property is worth. In 2007, approximately 9 million adjustable-rate mortgages (ARMs) will readjust. Combined with a flattening or decrease in prices, many owners will be caught in the squeeze of having higher payments and no way to pay for them.
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