October 2013

There are 1 blog entries for October 2013.

Notice of defaults filings against delinquent borrowers were the highest in the month of September 2013 since September 2011. Lenders filed roughly 3700 foreclosure notices in September 2013, more than triple the month before, with more than 440 local notices of default filed on Friday Sept.30 2013 alone according to LVDEFAULT.com and analysis firm Home Builders Research. Whats ironic about this? Well a new law went into effect October 1st, making it harder for banks to foreclose against homeowners. So what does this mean? Most lenders probably wanted to try and get these foreclosures filed before the new law went into effect.  

Will this bring more home inventory and further sag home prices? Well as of now we show  7571 single family homes and condos

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