Bank Owned Homes in Silverlakes There may be fewer bank owned homes in Silverlakes. According to the figures just released foreclosure proceedings in September were at their lowest level since 2007 at 653. There was some assistance in lowering that number when the largest lenders pulled back to re-examine documents. Insiders put that impact at 10% to 15% of the decrease. What does this mean for the future? While one month is significant it is not the only low number. In fact the number of foreclosures have been in decline for some time. Not so ironically, prices have been steadily increasing for some time. There has been a slight seasonal adjustment in the last two months but demand has remained strong and as we go into season I expect it to firm all the more. Take a look at ...
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