Summer Brings Sales - In Foreclosures VI
As summer continues warm, we find that the sales are heating up as well. There were thirty (30) foreclosure sales found this week in the Tacoma newspaper (TNT), which is up nearly double to last week’s sixteen.
These were split over four dates (in comparison to last week's two). Four weeks out on August 23th had the most with nearly two-thirds of the total - nineteen. Next week had the next most with 8. There were also two listings for two weeks out on August 9th. The final note was for one that is five weeks out on August 30th. As is normal, these sales will take place on the 2nd floor plaza of the County-City building at 10 am.
It looks like the next couple of weeks will continue to show similar numbers, as I keep seeing, and hearing about how many foreclosures are still hanging on the books out here, and I would think the banks would want to take advantage of good summer weather and tight listings count to try to get more money from their foreclosures.
It will also be interesting to see how far into the fall these numbers will be sustained, before they start dropping off again to a much lower level (thinking in range of 4-5 week).
Picture courtesy of Freedigitalphotos.net