- When it comes to foreclosures and short sales, there is not much good news on the horizon, a foreclosure data expert said last week. Michelle Lenahan, director of customer service and training for Foreclosure Radar, said real estate professionals have become more valuable today than in the past because these types of transactions arent going away anytime soon. In fact, sharing valuable information on these types of transactions is a great way to start a conversation with clients, she said.Examining trends in foreclosure and bank-owned properties in the Bay Area, Lenahan said news that delinquencies are down and the foreclosure rate is flat is deceiving because there are 2.2 million homes under water. One million homes are currently in some stage of the foreclosure process, and it could take as long as 50 months to get them through the market. This means were not even going to see a recovery until 2014, she said.
Similar Posts:
- Banks Sprucing Up Foreclosures To Boost Sales
- Freddie Focuses on Mortgage Fraud
- Video: Is Strategic Foreclosure For You?
- Debt Solutions By Square One Debt Settlement
- Home Foreclosure Help in Lansing, Michigan
