A recent article posted by National Association of Realtors indicates that 1 Million Foreclosures will be delayed until 2012. This may give some homeowners time to catch up on payments to try to avoid foreclosure. But it will also likely delay the housing market recovery by at least a year,
Nationally, 1 in every 111 US households received a foreclosure notice in the first half of 2011. Nevada has the highest rate at 1 in every 21 households. Missouri accounted for 1 percent of the 214,927 properties with foreclosure filings reported nationwide in May.
The foreclosure process continues to lengthen as well.
You can view the complete article on the delay of foreclosures.
A top real estate agent can help you make an informed decision about how the delay in foreclosures and the lengthening of the foreclosure process effects the St. Charles and St. Louis Missouri real estate / housing market. My team specializes in St. Charles County and St. Louis County. If you are considering buying a home, please contact Sandra Meranda and I’ll get you moving!
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