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Foreclosure Inventory on the Rise Again

Posted at February 17th, 2006 1:52 pm by mrichenthal
Filed under: Foreclosure

Based on data released by Foreclosure.com, 95,073 foreclosed residential properties were available for sale in the United States during January - an increase of 3.5 percent from the previous month.

The January foreclosure inventory represents a noticeable slowdown in the purchase of foreclosed homes. Since November 2005, the total inventory of foreclosures available for sale increased by 9,968 properties, while new foreclosure listings only increased by 2,585 during the same time period.

So, what has accounted for this foreclosure rate?

Many housing markets have been having affordability problems. Moreover, a large portion of individuals are unaware of their Florida home loan options. These delinquent borrowers often are not familiar with the options at their disposal.

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One Response to “Foreclosure Inventory on the Rise Again”

  1. The Importance of the Loan-to-Value Ratio - Florida Home Loan Says:
    May 26th, 2007 at 9:24 am

    […] LTV, the lower your home equity. Borrowers with low equity are viewed as having a greater risk of defaulting on their Florida home […]

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