Denver Estate Real
If Georgia is the fraud was more than real estate, Colorado real estate steals the place for it, with the most foreclosures. Colorado has the distinction of having the highest number of foreclosed homes in the nation for the second consecutive month. This is the latest sign that the weak support of the housing market, continued to plague the economy. RealtyTrac Inc. The report shows that from April 3706 homes were in foreclosure in the State of Colorado.This corresponds to a ratio of one in 494 households in foreclosure. The national average is one per 1268 households.
Denver Estate Real
Colorado real estate find a place, although the rate of foreclosures dropped 31 percent in March, when 5,392 homes were in foreclosure. It 'a disaster, the high rate of foreclosures, Mary Wenke, trustees said Arapahoe County. Wenke office opened in April, 436 seizures, compared with 288 in April 2005.Wenke had adjustable rate mortgages, whose interest rates begin to rise, leading to more crises in the coming months. The factors that a record number of unsold homes on the market owners, the apartment house and huge credit card debt, prepayment penalties, mortgage fraud and bankruptcy.
Denver Estate Real
Wenke said that the attacks are simply steps in a vicious circle of unemployment. He added that the hijackings, claims of the government deny mostEconomy. The head of the estate Colorado real center confirms the statement made by Byron Kosta Wenke. Kosta said that the increase in seizures should serve as a red flag for the economist, said that the economic strength. Additional cost that seizures are more common in entry-level housing market. These events raise a rule of commercial real estate market, as consumers are reluctant to buy homes.
Denver Estate Real
However Cherry Properties' Ben Fielderstates that it is unfair to classify paradise, as any Colorado foreclosure properties. He argues that foreclosures concentrated mainly on the northern coast of Aurora and Adams County. He also argues that the real estate sector is growing and people are happier than ever to buy their home in Colorado. The only problem I see is that there are buyers too excited, loans and mortgages that can not be achievedto manage.
If you buy Colorado real estate or not is up to you. The location is good, with nature and a wide range of potential homes. The government also provides a good public service. Only the head of the Colorado real estate experts Kosta, as Wenke, and Fielder has to say - do not buy, can not afford the houses. Creditors and banks are not treated on their return, if you can not pay.
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