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Banks are NOT Forclosing

By
Real Estate Broker/Owner with West Group Real Estate

At least here in Teton County Idaho Banks are NOT Forclosing most of the homes that have been scedueled for sale. Here is a simple chart to help provide some of the statistics involving the foreclosure market:

foreclosure

While there are fewer Foreclosures, short sales seem to be getting easier and more streamlined. Short sales seem to be the best option for the owners and the lenders.

Search for shortsales on our site at www.TetonPropertySearch.com

Dean Watkins
Douglas Reatly - Associate Broker, CDPE, HRC, ePro - Fort Meade, MD

Wish it were the same all over the country... But I'm optimistic that it'll become a trend to lean towards the short sales to save the banks money on lawyers to handle the paperwork and leave it to the real estate professionals like us!

 

Great post too!

Aug 07, 2011 06:17 AM