News about subprime lending has been all over the media of late; according to a report from Forbes, even subprime mortgage lenders themselves are taking out subprime loans.  The question is: how does one keep their financial head while others in the housing market are losing theirs?  An interesting article in Kiplinger’s.com might have an answer – invest in foreclosures.

Home buyers looking for a first home that possess good credit might be able to purchase a home relatively inexpensively if they are willing to do roof work, for instance.  Present homeowners looking to invest in rental property or to "fix and flip" a property might be able to make the present real estate environment work for them.

Don’t forget that on occasion certain crises can lead to great opportunities.  If you are willing to use a little elbow grease (perhaps you might want to visit the Shakhammer for home improvement tips), do your due diligence, and possess decent credit, you might be able to work the present mortgage lending situation to your advantage.