News of Foreclosures, Foreclosure Properties Information and How to Find Distressed Properties for Sale
State and local officials released their list of 10 lenders, all carrying national names, who have recorded starts and auctions associated with foreclosure homes for the month of October and November in the New York metropolitan area.
Foreclosures.com has reported that foreclosure rates have fallen in October. It also said that the October rates were just a continuation of the September fall. The report released also cited that the decline in the rates has not been observed since February of this year.
With the economic recession hard hitting various states across the country, the foreclosure homes buying spree that realtors enjoyed last August, turned the opposite way as a slowdown in sales lowered NAR’s Pending Homes Sales Index or PHSI. The National Association of Realtors is using this value to gauge housing activities based on closed sales transactions.
