Saturday, October 24, 2009
Foreclosures
The amount of foreclosures will still be very high for 2010.
According to recent announcements by the U.S. Treasury Department, another wave of foreclosures is on the way in 2010. For the past year we’ve been digesting foreclosures and distressed properties and it looks like we’ll all be doing it for another year. In Lee County Florida some 60% of the sales have been foreclosures or short sales and we expect this to continue for another year or so.
According to recent announcements by the U.S. Treasury Department, another wave of foreclosures is on the way in 2010. For the past year we’ve been digesting foreclosures and distressed properties and it looks like we’ll all be doing it for another year. In Lee County Florida some 60% of the sales have been foreclosures or short sales and we expect this to continue for another year or so.
