Not To Be An I-Told-You-So, Buuuuuutttt ...
Regular readers of this blogsite may remember that late last summer I predicted that October would be a mega month for real estate foreclosures in this area because so many subprime adjustable rate mortgages were due to click up to new, higher interest rates. October just looked like the month it would all hit the fan to me.
Well, the numbers just came out and were reported in ForeclosureDaily.com. I called it right, folks.
There were 835 foreclosure filings in this area during October. And there were an additional 346 in November.
Recently, there have been some talks about government involvment in mitigating foreclosures. That may help in the future. If not, look for this trend to continue.
For more information about real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.
Well, the numbers just came out and were reported in ForeclosureDaily.com. I called it right, folks.
There were 835 foreclosure filings in this area during October. And there were an additional 346 in November.
Recently, there have been some talks about government involvment in mitigating foreclosures. That may help in the future. If not, look for this trend to continue.
For more information about real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.
-30-
posted by Terry Ward at 8:34 AM
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