HousingLink just released their latest foreclosure report showing the strong declines in sheriff sales continues.
Once a sheriff sale has occurred, most properties will be listed by the bank that took it back 7-9 months later. Consequently, the continued decline of bank owned listings for sale on the MLS is all but certain at this point. When fewer properties go through foreclosure, neighborhood values are higher and we’ve seen this trend for over a year now. This is great news for sellers but bad news for bargain hunting buyers.
