Foreclosure rates down in Waco, nation

KWKT
POSTED: Friday, July 26, 2013 - 2:32pm
UPDATED: Friday, June 27, 2014 - 8:20am

Foreclosures rates are down in Central Texas, as well as the rest of the country.

According to Realty Trac, in June, the number of properties that received a foreclosure filing in Waco was ten percent lower than in May and 61% lower than in June of last year. And, home sales for May 2013 were up 14%, as compared to April home sales.

Realty Trac also reports there are 305 properties in Waco that are in some stage of foreclosure.

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If consumers are forced to bear the brunt of sequestration after-effects, then the picture might not continue to look so rosy here. But for the moment, at least, we’ll bask in comforting recent reports that Waco is improving economically. For instance mortgage delinquency rates (late payments) also have decreased — a sure sign that more folks are able to pay their bills on time.

It's a good start to recover. It is very hard to cope with foreclosure. This may result to bankruptcy of the borrower. Chase bank has been sued for a foreclosure but not in the way may people would expect. The reason behind it is that they are being sued for an allegedly giving a Texas man a cardiac arrest after a foreclosure notices were sent to him. Get more details about Harry Engels.

"Foreclosure rates are down". This is a good indication that people are recovering from drastic economic crisis. In fact, two more positive reports were released on last October, indicating continued growth in the American economy. The number of unemployment claims and the number of foreclosure both fell to lows unseen in nearly five years.

"Foreclosure rates are down". This is a good indication that people are recovering from drastic economic crisis. In fact, two more positive reports were released on last October, indicating continued growth in the American economy. The number of unemployment claims and the number of
foreclosures both fell to lows unseen in nearly five years.

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