We have worked the foreclosure market for about 6 years now. As of the last 2-3 years, the activity has been very slow: most homeowners who were heading down that foreclosure path were able to re finance and cash out to catch up. I believe that the opportunity to re-fi is gone. We are beginning to see more pre foreclosure market evaluations from lenders and have seen our inventory of fooreclosed properties that we are marketing increase. An interesting observation is that these properties cross all price ranges. I have informed my team to gear up for what I anticipate to be a very active 4th quarter and into the 1st quarter of 2007.

 
Posted by David and Bonnie McIlvaine on 08/30/2006 07:49 AM   Comments (1)  
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1 Comments on Foreclosure Market

AUG
30
2006
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I think your observation, about foreclosure of all price ranges increasing, is something to watch in this market.

Welcome as a new members to Active Rain.

 I think you are going to love this site and the wonderful people associated with AR!

 

www.HomeRome.com

 
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David and Bonnie McIlvaine

Ellicott City, MD

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Keller Williams Select REALTORS

Address: 3290 North Ridge Road, Ellicott City, MD, 21043

Office Phone: (443) 574-1602

Cell Phone: (410) 371-5233

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