Foreclosures have fallen to the lowest level since the beginning of the foreclosure crisis in July of 2007. RealtyTrac’s Foreclosure Marketing Report released this morning found that filings fell 7 percent from the August level. The statistic equates that now one in every 730 housing units is a foreclosure.
While this news shows signs of a strengthening housing market at the national level, there still are several states experiencing a rise in foreclosures. However, for many of these states, the uptick in foreclosures can be attributed to logjams in the court system.
As the housing market strengthens, On Q Financial is poised to service our clients and referral sources with any mortgage-related needs.
Contact an On Q Financial Mortgage Consultant today to discuss refinancing your mortgage or getting pre-qualified to purchase a new home.