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Do you think the foreclosur Rate shows signs of improvement?

Do you think the foreclosure rate shows signs of improvement? How many homes is in your neighborhood in foreclosure?


Asked by kalynskorner at 3:17 PM on Mar. 17, 2011 in Home & Garden

Level 18 (4,858 Credits)
This question is closed.
Answers (4)
  • It appears as if the short sales are starting to move, and that some loan mods have been made. That said, there are many, many who are barely holding on . . . . falling deeper into the hole every month. Our state's unemployment rate is still unbelieveably high. And, more and more companies are closie. Fannie and Freddy are being dismantled, and most people do not qualify for the lending guidelines. If they do, they don't have an 800 score to get them the best rate.

    We still have some destruction to come . . . the stimulus just prolonged it, so that everyone wouldn't crash at the same time, but it is coming.

    That said, if you CAN buy, it is a great time to get some real estate. . . .but don't expect to see any raise in valuies for a long, long time.

    Also remember that we have a HUGE group of retirees that will have to unload their properties soon . . . there will not be good return on those.

    Answer by ImaginationMama at 3:22 PM on Mar. 17, 2011

  • There are still a lot of homeowners out there who don't qualify for modifications.

    I think the new homeowners tax credit should be brought back to increase home sales again!

    Answer by filmom2ethan at 3:31 PM on Mar. 17, 2011

  • The pain will continue because there are those who are hoping for loan mods and being rejected, then going through foreclosure.

    Answer by tasches at 6:59 PM on Mar. 17, 2011

  • We haven't seen ANYTHING yet!! Foreclosures are going to increase as soon as all of the bailout programs and propping up of home values ends.

    Unfortunately, had Obama ALLOWED personal and business/industries to FAIL, we MIGHT be starting to pull out of this recession! BUT, because BILLIONS of dollars have been wasted delaying the inevitable, we are no closer to ending this recession and BILLIONS of dollars FURTHER in debt, than what Obama "inherited!!"

    Answer by LoriKeet at 8:37 PM on Mar. 17, 2011