Foreclosures are a complicated subject with a lot of pieces. SUffice it to say right now that they are a mixed bag in the market place. Over the past three years they have been the hot topic. Everyone has to understand that foreclosures are dealt with differently by each of what seems to be 100's of banks. Overall, the trend for banks currently is to try to work out loans with home owners but this certainly does not work all of the time. According to the attached link, the number of foreclosures in many markets is down but there will be a steady stream for the foreseeable future.
As you have questions about foreclosure please let me know. Over this week I will send out a few specific homes in our area.
http://www.inman.com/news/2011/10/11/foreclosure-slowdown-stabilizes-real-estate-values
No comments:
Post a Comment