A good article on the current state of foreclosures. We still have a ways to go; however, the window won’t be open forever.
“Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.”
“August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis.”
“That’s one reason fewer than one-third of homes repossessed by lenders are on the market, said Rick Sharga, a senior vice president at RealtyTrac.”