One in every 557 housing units in the state reported a foreclosure filing in February, up about 30 percent from a year ago, second only to Florida and almost double the national average, according to data from information firm RealtyTrac, which tracks the filings.
Baltimore-Towson had the third highest foreclosure rate of the major metro areas behind Tampa-St. Petersburg and Miami-Fort Lauderdale in Florida, with one in every 580 units with a foreclosure filing, the report found.
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Baltimore-Towson voters are strong supporters of O'Malley and the Democrats. For their liberal way of thinking they will soon look like Detroit.
ReplyDeleteWe must try HARDER! Let's double the income tax and then make everybody pay a $3,000 RAIN TAX!
ReplyDeleteHAHAHAHAHAHAHAHA! That will do it!
someone give this info to stevie prettyman. I've already made my plea...
ReplyDeleteWhy is it when a house if foreclosed the bank/owner will not answer questions from a serious buyer? The wait for an answer is unbelievable and that is at least 50% of the reason the house sits vacant and eventually deteriorates.
ReplyDeleteWe have an abandon home in our nice neighborhood and several people have attempted to learn more for family members. We would love to see someone move in.. but the paperwork on the door keeps disappearing and the phone number is never answered by a real person or returned. Very frustrating.
ReplyDelete716, that's because the property is going through more than one bank(ster) and being sold through RE agents. The 3 year old detriment properties are being shopped for clean outs and as is sales, but at unreal prices.
ReplyDeleteAuctions are rare but when they become common, then we are on the road to recovery, but that is not happening yet, if ever.