for sale: Foreclosures in Woodbury MN Not Slowing Down Anytime Soon
- 05/12/11 06:30 PM
If you're thinking of buying a foreclosure in Woodbury, MN or surrounding areas, it seems you'll have your pick for a while. According to a an insightful article on CNBC about foreclosure delays across the nation, while the rate of foreclosures is the lowest it's been in over 3.5 years, that's probably only because the banks have been slow in bringing all owners in default through the actual foreclosure process. Diana Olick of CNBC even interviewed the CEO of RealtyTrac, a company that closely monitors foreclosures throughout the nation, and he said it might take some loans 3-4 years to move (2 comments)