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Despite the national decrease from a year ago, 24 states posted a year-over-year increase in foreclosure activity
As the country works its way further out of vestiges of the Great Recession, foreclosure notices have generally reached new lows. This isn’t the case everywhere, though. Indeed, in nearly half the country, auctions for foreclosed properties are actually increasing -- primarily where the backlogs of court cases are now working themselves out of the system. Rehab investors should take note, as the market for “flipping” opportunities may be good in such markets.
Foreclosure Filings Are Generally Back to Pre-Recession Levels
Foreclosure filings -- default notices, scheduled auctions, and bank repossessions... read more