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MLO 293441

Summer Brings Sales - In Foreclosures IV

Friday, July 12, 2013 - Article by: MLO 293441 - Cascade Pacific Home Loans, Powered by Bay Equity - Message

Summer Brings Sales - In Foreclosures IV

As Summer heats up, we find that the sales are heating up as well. There were twenty-one (21) foreclosure sales noted Foreclosure sales last week in the newspaper (TNT), this week the number climbed to twenty-three (counting the one in yesterday's paper, that makes twenty-four for the week)!

These were split over four different dates. Four weeks out on August 9th had the most with nearly half -- eleven. Next week had six more. There were also two noted for two weeks from now, and anther four for five weeks out on August 16th. As is normal, these sales will take place on the 2nd floor plaza of the County-City building at 10 am.

I would expect the next couple of weeks to 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.

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