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Foreclosures Down, Postings for September Up 35% Over 2008

Posted on August 14th, 2009 9:00am by Candy Evans
Filed under Changing market trends in Real Estate, Foreclosures, foreclosure

Steve Brown reports that government programs may be the reason why we saw fewer foreclosures in the first half of 2009, but still no consensus on whether those programs are working. The foreclosure moratoriums do seem to be keeping homeowners in their homes: during the first 6 months of 2009, only 30% of the homes posted for foreclosure were auctioned off. Usually, that percentage is higher, like 40%.  Often homes are put on the foreclosure list but homeowners often work deals to keep their homestead right up ’till the last possible minute. And despite Dr. Mark Dotzour calling bottom yesterday, his colleague, Dr. James Gaines, is still worried that the worst is not yet over.

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