According to RealtyTrac.com, there were 3,145 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in March. That is 1 in every 673 housing units; which is a big increase from February’s 2,864 foreclosure notices (1 in every 739 housing units).
Unfortunately, the foreclosure trend is starting to reverse in SC. The number of Lis Pendens filings is a significantly higher percentage of foreclosure activity compared to the nation as a whole. Hopefully, the rebounding economy will help stem the tide of Lis Pendens filings.
Of the 3,145 foreclosure notices, 59% were pre-foreclosure, 17% were auctions and 24% were bank-owned.
Interested in finding homes in your area that are in pre-foreclosure? Take The Lis Pendens Challenge at www.thelispendenschallenge.com to compare South Carolina’s three leading pre-foreclosure data services. Each company offers a 7 day free trail for you to try their service.
Aaron
Comments(0)