Bargain Hunting for the Waterfront Prime Properties

It's no secret that there is a pipeline of multi-million dollar properties that are underwater in this market, a fact which provides a huge niche for numerous financial opportunities.

"No one knows how long foreclosed homes, REOs (Real Estate Owned properties) and Short Sales will continue to filter on to the luxury property market. Specialists think that prices are near the bottom and may drift up in the first half of 2011 as inventory bleeds out." © The Financial Times