Foreclosure investors: Sharks or 'White Knights?'

From the front page of today's WSJ: The slowdown in housing sales, after five years of frantic buying, has ended the party for many real estate investors. But the cooler market is welcome news for a subset of investors -- those who target homeowners facing foreclosure...More people are falling behind on their mortgages, according to the Mortgage Bankers Association. The percentage of loans on which payments are at least 30 days overdue rose to 4.7% in the fourth quarter of 2005 from 4.4% a year earlier. With interest rates rising, it's harder for homeowners to refinance or sell quickly.

Read the whole article HERE