Steve Johnson's (stevenrjohnson) Blog

One of the leading indicators on how well our local real estate market is doing can be determined by the number of Notice of Defaults. As seen by the graph below, we have continued to hover between 150 and 200 NODs from almost the beginning of the year. Thus the ongoing trend of bank foreclosures...

Over the last year we have seen both the Federal and State governments trying to stem the tide of property foreclosures via moratoriums and loan modification programs. This has resulted in slightly slowing down the escalating trend of home foreclosures. For the few that can qualify for a loan mod...