Foreclosure Updates

Dated: 12/31/2013

Views: 5241

There was good news on the foreclosure front as research firm CoreLogic reported that completed foreclosures in October declined by 30 percent from those completed in October 2012. In addition, the foreclosure inventory declined by 28 percent this year while the rate of serious delinquency is at its lowest since November 2008. RealtyTrac also reported that foreclosure inventory fell by 15 percent from October to November of 2013. This is positive news for the housing industry, but with almost 900,000 properties across the nation still in foreclosure—a level four times the norm—the housing recovery still has room for improvement.
Charleston seems to be a step ahead of the curve with great closing numbers and property prices on the rise.  We expect to see a year of continued success in our real estate market.
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Janis St. Onge

I am a certified Short Sale and Foreclosure Resource (SFR) who works with first time home-buyers, empty-nesters and investors. Call me today and let me be your eyes and ears in the Charleston tri-cou....

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