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    « Using a buyer's agent in a confusing market | Main | Savannah River dredging »
    Saturday
    May212011

    Savannah Ga -- foreclosure news

    DateSaturday, May 21, 2011 at 05:21PM

    http://www.marketwatch.com/story/one-in-nine-mortgages-at-risk-of-foreclosure-2011-05-20?link=MW_home_latest_news

    According to Marketwatch, there is good and bad news regarding foreclosures in the US -- the bad news is that 1 in 9 mortgages are at risk -- this compares to 1 in 32 mortgages in 2003. The good news is that the percentage of foreclosures for the first quarter has declined.

    There are still many foreclosures on the market in Savannah -- this is good for buyers but bad for sellers. At the rate foreclosures are selling in Savannah, and with foreclosures going down, the Savannah real estate market should be on the road to recovery. The next quarter should tell us if the decrease in foreclosures is a trend. 

    AuthorMike Farmer | CommentPost a Comment |
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