Home Repossessions Hit New Record High – Yahoo! News
Home Repossessions Hit New Record High – Yahoo! News.
Well I think we are going to keep seeing these types of articles over the next several months. We are not out of the woods yet my friends. Foreclosures are still on the rise, the Real Estate industry is still seeing the effects of the down turn. It is going to take the next 18 months for us to weed through the mess and carnage of the downturn. And Utah Real Estates is no different. Here in Salt Lake City, we are seeing Short Sales finally getting approved and many of them are closing.. Great News? Yes it is, however many of them are finally going into foreclosure. The banks have wasted so much time, and therefore are forced to foreclose. Many of these properties are so dilapitated by this point, the prices keep going down. When are the banks going to figure this out. I know this because I have done, 20 short sales for clients over the last 12 months..
Hold on we are not done yet..
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