Judicial State Real Estate Foreclosures Had a 17% Sales Rate Increase

foreclosure rates

From March to April this year, judicial state real estate foreclosures had a 17% sales rate increase. This real estate increase was the highest sales rate boost since the standstill in 2010. According to Lender Processing Services (LPS), judicial states currently have a three times larger real estate inventory than non-judicial states, while national inventory has reached seven times more than the 2010 point. Amongst the judicial states are ReCasa Financial Group’s markets of Illinois, Indiana, Kansas, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, and South Carolina.

According to LPS statistics, overall housing progresses are promising.

While some real estate investors have already lowered their interest rate from refinancing, LPS reports that an estimated 9 million could still benefit from refinancing their real estate properties.

What are you personally experiencing in terms of inventory of foreclosed homes?  Let us know.

Do you have a high interest rate on an existing investment property?  Let us help you.