Foreclosures not as bad as expected in the Inland Empire

By
Real Estate Agent with Coldwell Banker Shepherd Group

I just read an article from our local newspaper The Press- Enterprise. It stated that we are up in the amount of foreclosed homes from last month by 30%. But, Realtytrac and real estate data source stated that they were surprised that the numbers were not a lot higher. Some of the credit goes to the programs that are out there to help struggling homeowners. We are still expecting to see a large reset of these ARM loans, but reo homes are selling. Most reo agents have seen a surge in the amount of homes sold under $300,000. Meaning there are more  buyers coming out to buy. Just more good news.

 

Sincerely Kevin Williamson www.williamsonteam.net

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