National Real Estate Foreclosure News – Sales Down, New Foreclosure Filings is Up

According to RealtyTrac, the number of homes sold through foreclosure dropped 27.77% from June 2011 to July 2011. During July 71.264 foreclosure homes were sold nationally.

This news is good until you look at more recent stats.

The number of new foreclosure filings jumped up 7.21% from July 2011 to August 2011. During August there were 228,098 new real estate foreclosures nationally. One in every 570 homes (single family homes, condos and ½ duplexes) received a real estate foreclosure filing in August.

Currently there are 1,596,954 real estate foreclosures nationally. Kansas accounts for 14,622 foreclosure homes and Missouri accounts for 2,718 foreclosure homes.

Know of someone that maybe headed to foreclosure? We can help them avoid foreclosure.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty

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