Market Update - Foreclosed Homes
Good Monday Morning!
If you think that the number of foreclosed homes we are seeing is going away soon, think again. The truth is that not only is there a shadow inventory of foreclosed homes that has not hit the market yet, but foreclosure rates remain fairly high both locally and nationally. The one thing that might change soon is that we may be seeing a larger number of short sales than forclosures. In March the number of short sales exceeded the number of foreclosures nationwide for the first time. This is due to the fact that the banks are now much more eager to deal with a short sale that a foreclosure. This is wise on the part of the banks and certainly better news for distressed home owners.
If you or anyone you know is having trouble making their house payment, facing foreclosure or just confused as to what their options might be. Please, have them contact me. There are some great alternatives that distressed home owners should explore. I deal with a large number of home owners who are having problems and I can give them some good advice that will help them make the best decision.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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3600 Wood Ave
Great Home with Large Backyard! Spacious living room with fireplace, kitchen opens up to dining room, well-sized master with his-and-her closets, laundry room. Third bedroom being used as an office. Garage with built-in cabinets. Outside features co...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
