It has taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis. The number of properties in active foreclosure declined by 24,000 to 631,000 in March, according to Black Knight Financial Services. That’s the lowest since October 2007.
The wave of foreclosures crested in 2010 when banks seized a record 1.2 million properties and served even more with notices of default, auction, or repossession.
Delinquencies on home loans across the country fell to 4.08 percent in March, the lowest since March 2007.
About Community Real Estate
Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents.
We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales.
We support our America’s Heroes.
We look forward to meeting you and your needs!