Is the Foreclosure Crisis Nearing its End?
Just about everyone has been affected by the foreclosure crisis. If you were fortunate enough not to run into a problem with your own home loan, you likely know someone who has, and perhaps know someone who lives in a neighborhood in which foreclosures became commonplace. If so, you know how tough it can be to market a home when the competition is made up of foreclosed properties.
We have spent a great deal of time discussing the foreclosure crisis here at Zwahlen Team and know how it impacts our customers. The good news is that foreclosures were down 25 percent in July over last year. It appears that the crisis is gradually becoming less acute.
The improvement has not just been in just one state or region. Every state posted a decline in foreclosures over the last year, meaning that now may actually be a very good time to consider selling your property. If you have any questions, contact us at the Zwahlen Team. Here is a link for more details in this issue.