Real Estate Foreclosure Activity for Eagle River, Wisconsin from April until October.
What does this mean?
Not much. Foreclosure activity is up over 50% from April. Sounds like a great headline, right? I think going from 2 to 3 is really meaningless.
What I will say is what I see in the market. If you're looking for a single-family home on the water that is going into foreclosure. You'd better be armed and ready to pull the trigger the second it is listed. The last on-water foreclosure had multiple offers. If you're able to enjoy the condo-lifestyle (being able to come up and enjoy yourself rather than keeping your place up) and are willing to sacrafice having your mortgage, taxes, HOA dues and utilities paid for you with rental income and still have some left - well, there are 3 condo's that will cash-flow positively left in the market place for absolute steals. Those, though, I suspect will be gone by Christmas.