More Foreclosures Coming This Summer?

Information I’ve been reading over the past week suggests there may be an increase of foreclosed properties that will be listed in late Spring or early Summer this year.  The easy answer is banks holding the mortgages have been cleared of the signing fiasco so these houses can be brought to market.

What’s important is potential sellers need to take this into consideration regarding their timing and pricing if they plan to list their house for sale this year.  This could also be a plus for potential buyers if they don’t have a problem making repairs. 

Check with your local Title Insurer or Escrow company since they usually watch for these trends since it affects their business.