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Warren County Ohio Foreclosure Update: Scheduled Sheriff's Sales through 3/21/2011

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Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

Warren County Ohio Foreclosure Update: Scheduled Sheriff's Sales through 3/21/2011Warren County Ohio Foreclosures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The latest numbers show considerable promise for foreclosures heading down, with 13 scheduled for the week of 3/21/2011.  This is by FAR the lowest number of potential foreclosures since we started tracking the weekly numbers.  The previous two weeks were also consistent with the rest of 2011.  Whether these lows were artificially created by the HUGE number processed in December 2010, or because the banks are delaying further processing is yet to be determined.  Hopefully these numbers are not falsely depressed and instead an indication that the worst of the foreclosure levels are past. We'll continue to track and report for you.

The chart details the number of scheduled sheriff's sales PLANNED by week for Warren County Ohio and represents a wide range of locations and price ranges throughout the county.  The numbers include builders and property rental owners being foreclosed, not just private individuals occupying the homes.  The data source is the Warren County Sheriff's website. 

Click HERE for additional details to access the official list from the Warren County Sheriff's website.

If you have questions regarding these sales, or other real estate related questions,
please don't hesitate to contact us!

Serving Your Warren County Residential Real Estate Needs,
Bill & Liz aka BLiz

 

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Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747
William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
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Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Great news for Warren County OH....foreclosures are on the decline.  Hopefully the trend will continue BLiz.

Jan 31, 2011 12:30 AM
J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

Foreclosures sadden me. Anything to reduce the number is worth trying, and I am hope the numbers continue to decline. Are you doing many short sales out there? 

Jan 31, 2011 12:55 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Anita, We're hopeful this trend continues.

Phil, We haven't personally been working many, but they're out there in decent numbers.  Depending on the particular community, the short sale/foreclosure segment is dominant.  Most neighborhoods fortunately have managed to dodge them being the larger part of sales.  We hate to see any foreclosures happen, that's someone's family losing their home, but hopeful these numbers stay down or even lower would be better.

Jan 31, 2011 12:58 AM
Glenn Roberts
Retired - Seattle, WA

That is a good sign. And the shadow inventory was just something certain people made up to scare children on Halloween.

Jan 31, 2011 01:13 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Glenn, Hopefully no shadows here!  More of that inventory IS a scary thing for a local market!

Jan 31, 2011 01:17 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I'm doing a listing interview with a lady today. I just reviewed her neighborhood and have found that the market for her size and style house is $40k less than they paid for it in 2007. Ouch! Nothing but repos selling right now...
This is the start of another great week Bliz...
Paul

Jan 31, 2011 03:30 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Paul, There are a couple of developments that we used to market heavily in our Franklin area, and we've essentially abandoned marketing there.  If you're not a short sale or foreclosure, it's WAY grim.  The bottom just fell out of those two.  Most of our county is still in pretty good shape.  Whatever someone paid in 2004/5 is usually about par for selling price.  Anyone who bought around 2007 is probably taking a pretty nasty hit to get out.

Jan 31, 2011 03:36 AM
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REALTORS(R). Serving Warren County Ohio and adjacent areas from Cincinnati to south Dayton. Observing and reporting on real estate and related topics to help your quality of life! And if you're asking where is Warren County Ohio? We fill the space between Cincinnati and Dayton. Perfect for enjoying the bigger cities without living in them. Places like Mason, Lebanon, Springboro, Waynesville, Franklin and more. Plus lots of rural properties available too. We work with both residential home buyers and sellers and have extensive knowledge of low maintenance living options (patio homes, condos, etc.).

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