November 2009

There are 1 blog entries for November 2009.

New Wave of Foreclosures on the Way

Wednesday, November 18th, 2009 at 8:41pm. 167,124 Views, 0 Comments.

In our last blog, I talked about ways we can identify and investigate foreclosures and short sales. Today, I'd like to pass along some numbers from the October 2009 Baldwin County Trend Report. 
Just this month we saw 122 properties fall into foreclosure with an additional 377 Notices of Default. Year to Date 2009, we've seen 1,182 Foreclosures with 3,553 Notices of Default. These numbers represent increases of 19% and 249% respectively from Year End numbers from 2008.
What I find most interesting is the difference in the number of recorded Foreclosures and the actual Notices of Default (2,371).  Just this number alone will double the total of all foreclosures in 2008. If on average 300 new notices of default are being sent each month, we can easily…

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