foreclosures: Western Montana's Bitterroot Valley is Hit Hard By Foreclosures - 11/01/09 07:05 AM
Western Montana's Bitterroot Valley is Hit Hard By Foreclosures
According to a recent article in The Ravalli Republic, property foreclosures in the Bitterroot Valley have skyrocketed over the past year.
The county recorded 339 trustee sales notices between October 2008 and October 2009 - an 83% increase from the previous year and a shocking 260% increase from the year before that.
The article goes on to state that the total number of trustee sales won't be known until next spring but it is estimated to be exceed 400.
The report is consistent with reports of declining sales in rural housing markets … (6 comments)

foreclosures: Foreclosures in Missoula Montana - An Update on The Market - 07/26/09 09:58 PM
Foreclosures in Missoula Montana - An Update on The Market
We were recently interviewed on the local NBC affiliate, KECI regarding the increase in foreclosures in Missoula County after data was released showing an increase in foreclosures in Montana.
The County Clerk's office reports that the number of foreclosure notices since January 1, 2009 are 325, compared with the same time last year, at 143. While Missoula has seen an increase in foreclosure activity, the counties that were hardest hit are Flathead, Ravalli, and Mineral Counties.
We have also seen a slight decrease in the number of home sales and average sales price … (1 comments)

foreclosures: Missoula Real Estate What to Know Before You Buy a Foreclosure - 09/18/08 09:52 AM
With the increased number of foreclosures around the country, more and more buyers and investors are seeking out foreclosed properties or properties that are advertised as Short Sales - meaning that the bank may accept less than what the sellers owe on the property.
Foreclosures can be an opportunity to get properties at a discount. We have personally purchased two foreclosed properties ourselves and feel like we made a good investment.
However, it is important to be aware that can be risks that come with foreclosed properties such as:
AS-IS: Most foreclosures are sold "As Is" and without a seller's property disclosure … (2 comments)

foreclosures: Missoula Real Estate - Buying Foreclosures in Missoula & Surrounding Communities? - 09/18/08 09:31 AM
Everyone has heard on the news about the mortgage crisis and the huge numbers of homes that are being foreclosed. Some states, such as California, even have bus tours that you can take to view all of the foreclosed homes.
When you're looking at foreclosures, it is critical to also understand the local market as there are HUGE differences.
http://activerain.com/blogsview/366748/The-West-Is-a
http://activerain.com/blogsview/219927/Missoula-Montana-Real-Estate
Montana has not seen the number of foreclosures that states such as California and Florida have experienced. We have, however, seen an increase and there are several foreclosed properties in and around the Missoula area.
 
 
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foreclosures: The Real Estate Market & The Local Reality in Response to Jim Cramer's BS on The Today Show! - 09/28/07 09:00 PM
Earlier this week, Jim Cramer was on The Today Show bashing real estate and made irresponsible statements to consumers telling them not to purchase a house right now. Jim Cramer is NOT an expert in the field of real estate, and he is sorely misinformed and did not take into consideration local markets. Two-thirds of metropolitan areas across the country are showing price gains and the national median home price in August showed a modest increase.
While some states are seeing increases in foreclosures - many states are seeing a decrease in foreclosures - Utah, Idaho, Oregon, New Mexico, Washington, West Virginia, South … (20 comments)