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Calm before the storm?? - CDPE

Calm before the storm??

Though US foreclosures are down for the 3rd straight month, warning signs still loom. According to foreclosure data provider RealtyTrac, filings are up about 19 percent compared to October 2008. Not a good sign. 

James J. Saccacio, CEO for RealtyTrac, said that "high-risk mortgages, negative equity and unemployment" are among the contributors to higher foreclosure activity on a year-over-year basis in most states.

Is the slow down of foreclosures a good sign? Or just the calm before the storm?

Marianne Bandy
The Bandy Team - Re/Max Professionals
Denver, Colorado
303-746-7799
www.DenverAvoidForeclosure.com

 

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RE/MAX Professionals
9200 E. Panorama Cir, #140
Englewood, CO 80112
303-746-7799
www.DenverAvoidForeclosure.com; www.BandyHomes.com