OK, I know this seems like OLD NEWS, but LA Realtors just passed this info on to me. By parish, the foreclosure rate for April, 2009, shows how few foreclosures there are in Ouachita Parish. So, before you rush out determined to buy a home in foreclosure, consider the low number. Your search will be much easier when you are willing to look at everything on the market in your price range and desired location.
Call, text or email me when you need more info.
Gayle Causey, Keller Williams Realty
318-614-5615 Gayle@GayleCausey.com
Monroe, LA USA
http://GayleCausey.com
Louisiana Ranks 38th for April
The upward trend in foreclosures during the spring may suggest that lenders and servicers are beginning foreclosure proceedings on delinquent loans that had been delayed by legislative and industry moratoriums. Nationwide, filings were reported on 342,038 properties during April, an increase of 32% from April 2008. The report also shows that one in every 374 U.S. housing units received a foreclosure filing in April, the highest monthly foreclosure rate ever posted since RealtyTrac began issuing its report in January 2005.
It's never good to have foreclosures, but at least we're keeping these numbers relatively low. Even the numbers for Baton Rouge and the NOLA metro area aren't that bad considering the sheer number of mortgages that exist in those markets. Thanks for the numbers!
Troy, it looks to me like it follows population. LA is doing very well as far as foreclosures are concerned. Speaks well for our real estate markets, too.