Friday, January 18, 2013

Foreclosures Up Nationwide in 2013 - RealtyTrac says Yes.

There have been two private sources that have confirmed that there will be more foreclosures hitting the market for 2013.  The new story from RealtyTrac confirms that to be true.

The opening statement from Dow Jones Newswires -

"The number of U.S. properties with foreclosure filings fell 3% in 2012 from 2011, but a backlog of delayed foreclosures could contribute to increased activity this year, according to market researcher RealtyTrac."

And the paragraph later down...

"Foreclosure activity increased in 25 states last year and 20 of those states use the longer judicial foreclosure process."

And this to add on to that segment...

" 'We expect to see continued increases in judicial foreclosure states near the beginning of the year as lenders finish catching up with the backlogs in those states, and another set of increases in some nonjudicial states near the end of the year as lenders adjust to the new laws and process some deferred foreclosures in those states,' said RealtyTrac Vice President Daren Blomquist."

So if you're in the mindset of looking for foreclosures, especially here in the Huntsville Alabama Metro Area. Then keep an active eye on the real estate, you never know what might pop up.  We here at Huntsville Metro Area Homes will be sure to be following this closely.

Today's Tidbit:  Good news for University of Alabama - Huntsville NCAA Division I ice hockey program.  The WCHA, one of the oldest & successful hockey conferences, has extended an invitation for UAH to join and was accepted yesterday afternoon at the annual NCAA Convention, which took place in Dallas this year.  

Huntsville Metro Area Homes