It is an exciting time for us as we continue to grow our knowledge base and our client base in 2007. We are continuing to work with investors as buying clients and are now working with corporate investors as potential listing clients as well. While we hear national news about the crash of the subprime mortage lenders, here in north Texas our real estate market continues to be active and strong. We are seeing the number of foreclosures rise, but with the lease market remaining viable, residential prices are not decreasing as might be expected. Foreclosure listings require patience, skill and expertise to walk away with a truly good buy, but we are seeing them in the north Texas market daily. Banks will entertain multiple offers on foreclosures, holding offers for as long as 60 days while they wait to receive others. Banks accept no contingencies, expect a timely close and charge penalties for any delays. However, an offer packaged correctly, including information about comparable properties and repairs needed to the subject property to bring it up to comparable condition, can be successful. As you analyze your investment options, remember that real estate can provide a reliable, desirable passive income stream with an annual increase in equity!