This weekend RealtyTrac Inc. , predicted 1.2 million homes will be repossessed in 2011. Last year, 2010, 1 million homes were repossessed. RealtyTrak also notes the increase in foreclosures will result in additional home price decreases of approximately 5%. Nevada was # 1 in total foreclosures during 2010 and Georgia was #6.
Information supplied by the AJC on1/14/11.
If you are buying a house, this the year to make the deal! If you are selling, price it right before the market falls further!
Need help? See Earl: EARL@EARLPARK.NET