Denham Springs FHA Appraiser Report: South Point Subdivision Foreclosure Rate Rising?
http://www.southpointappraiser.com/ – Denham Springs FHA Appraiser Report: Per MLS Data, South Point Subdivision Foreclosure Rate Appears To Be Rising! The MLS Data Chart Below Shows That From 1/1/2007 to 12/31/2009, there were 7 REO or Foreclosure Sales out of 187 total sales, or a 3.74% foreclosure rate. Per MLS Records, A 3.74% REO Rate doesn’t appear to be an indication that REOs are negatively impacting this market. HOWEVER, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is Continue reading Denham Springs FHA Appraiser Report: South Point Subdivision Foreclosure Rate Rising?