I try to look for and emphasize the good news in the real estate market... and there is a lot of good news out there. Interest rates are low, buyers seem to be interested in buying again after what seemed to be a slow 4th quarter of 2007. Well priced and well updated homes are in high demand in several areas of town, and inventory is still high enough that buyers have some good choices.
But some numbers just are difficult to ignore! Case in point, I was reading the newspaper last week and sadly was not entirely shocked to see a story reporting a rise in homes scheduled for foreclosure next month. What did surprise me was the percentage rise reported... it was an increase of more than 30% from the same month last year!
I took some notes while reading the article. Among them, I noted that for the DFW Metroplex 5,300+ homes are scheduled to be sold at auction next month and that in some counties the increase was as high as 50%. Dallas County had the lowest increase, but still was reported to be a 22% increase.
Fortunately, foreclosure may not be the only solution for homeowners dealing with financial and life challenges. Recent changes to the tax laws now make a Short Sale solution an even more attractive option for struggling homeowners who are facing foreclosure.
Do you qualify for a Short Sale in the Dallas / Fort Worth area? Need to speak with a Short Sale Specialist? Please visit my website at www.homesalesremedy.com and email or call me today for more information. I will be happy to schedule a consultation so that we can get started on helping you move forward!
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