Forclousre BUZZ !!!

Alison Creamer — Fri, 12 Sep 2008 17:04:00 GMT

What’s the Buzz on Foreclosure stats did you

Taken from realtytrack.com

1-246 notice for foreclose in VA Over half of those are in Fairfax , Louden and Stanton county so Hampton Roads is not fairing to bad even if it feels like it.

Hampton Roads 1-544 each month are noticed for foreclosure. Over all compared to the nation this is not a bad statistic. Don’t plan your offers on USA Today reports its not what is going on in HAMPTON ROADS! Sellers are still holding the line on some prices.

3644 foreclosures were noticed for foreclosure in July. Only 824 actually went to sale. WHY? Sellers choose to file bankruptcy or some when in to a short sale.

VA foreclosure notice YTD is 30,000 but only 4300 went to sale. The trend went down last month!!

In Hampton roads Virginia Beach had the most foreclosure notices. And the average sales price was about 244k on those homes.

1^st Qtr of 2008 up 112% from 2007 YTD

23% down from last 4^th qtr of 2007 MTD

1 out of 194 homes was foreclosed this equal .5% that is a small number over all

94% of Homeowners are doing just fine.

Bzibee Real Estate News , Alison Creamer : Forclosure

Forclousre BUZZ !!!