March 2010 
There are 1 blog entries for March 2010.
Get Out Your Umbrella, There's a Foreclosure Storm Brewing
Tuesday, March 2nd, 2010 at 1:19pm. 82 Views, 0 Comments.
Our real estate market has been showing some life signs in recent months but the sun isn't shining brightly yet. There are dark clouds on the horizon that will likely mean more rough times ahead.
Many reports indicate that a large amount of foreclosures are about to flood the market and bring prices down again. For various reasons, many properties have not yet reached the foreclosure stage but will be soon. Mortgage services and courts across the country have been overwhelmed and slow to push through the foreclosure process. Meanwhile, many homeowners have fallen behind on their payments due to unemployment and other factors.
Though government aid programs have managed to slow the increase in mortgage debt, the numbers are still rising every month. As…