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Forum Post: Why we need to be active as communities in stopping foreclosures

Posted 10 years ago on Jan. 26, 2012, 5:19 p.m. EST by Riley2011 (110) from New Britain, CT
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Please read the article below- it is only a piece and came out about 9 hours ago...... house prices lower By John W. Schoen, Senior Producer

The ongoing wave of foreclosures continues to drag home prices lower.

Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not “distressed sales,” according to the latest data from RealtyTrac, a housing data research firm.

It is just a snippet, but we can keep closing our eyes and allowing this to go on....allow Freddy Mac to become a landlord....or we can fight these auctions and let our voices be heard.



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