Foreclosure Outlook 2022 “February foreclosure activity looks a lot like what we can expect to see for at least the next six months – double digit month-over-month growth, and triple digit year-over-year increases,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM company. “This is not an indication of economic turmoil, or of weakness in the housing market. It is simply the gradual return to normal levels of foreclosure activity after two years of artificially dwindling numbers due to government and industry efforts to protect financially impacted homeowners from defaulting.”
If you are looking for real estate investment in foreclosures, there are a lot of sources available. Moreover, foreclosures are easier to buy than ever before since the mortgage crisis from 2007 – 2009. Here is the takeaway from investopedia:
- Finding a foreclosed home for sale has never been easier thanks to a variety of online resources.
- Several types of foreclosure exist. For example, there are pre-foreclosure, short sale, sheriff’s sale, and real estate owned.
- Low prices are biggest lure to buying a foreclosed home.
- Disadvantages include a home’s possible bad condition, length of the buying process, and competition from professional flippers.
- Government-sponsored financing options are available.
Foreclosure Outlook 2022 in New England
So, let us start with online resources in our neighborhood of New England. One of the first websites that comes up googling foreclosure outlook in New England is start point.
If you are a realtor, you can use MLS, of course, to find foreclosures. Also, in local MLS you may to dig a little deeper into the property description to find the status of foreclosures. But, without even signing up or being a realtor, you can go to MLS.com and see foreclosure properties in your area.
Furthermore, you can read this article and find 15 best sites to use for finding foreclosed properties. As you can see there are many FREE sites you can use to start your search. For instance, we tried equator.com searching for foreclosure in Providence RI area and found 1660 PUTNAM PIKE Glocester, RI 02814. The starting bid, currently, is $106,400.
List of Free Sites for Foreclosure Outlook
Private Financing for Foreclosure
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