Maryland ranked fourth in the nation in the number of foreclosures for the month of August, reported the Baltimore Business Journal. The data comes from a report released last Thursday by the real estate analyst RealtTrac.
This continues the trend of high numbers of foreclosure filings in Maryland this year. Up until early 2013, the state had been involved in court proceedings with mortgage lenders in order to extend the timeline of the foreclosure process for Marylanders. Now, backed up filings are making their way through the courts system and causing a spike in the state’s rank nationally.
While Maryland’s ranking is still high, it did improve slightly from July, when Maryland was ranked second in the nation for foreclosures. From July to August, the foreclosure rate fell from 16.7 foreclosures per 10,000 households to 16.4 per 10,000 in August. Nationally, foreclosures are falling slightly as well, and saw a 2 percent decrease from July to August. According to RealtyTrac, the top 5 states in the nation for foreclosures are, starting with the highest, Nevada, Florida, Ohio, Maryland, and Delaware. Indiana, Utah, Illinois, Conneticut, and South Carolina round out the rest of the top ten.
If you’re looking for a home buyer who won’t waste your time, your answer is Grays Home Solutions. We buy your home quickly, and with no fees or commissions to pay. We’re professionals with the experience to aid you in navigating this difficult home market.
If you have a house that is in need of repairs and that you wish to sell, don’t hesitate to contact Grays Home Solutions. Use our fast response form and we’ll reply to you as quickly as possible.
We also have a sellers referral program! All you have to do is send us the telephone number and property address for every For Sale By Owner or vacant house you can find. Or if you know someone who has a house for sale, send us their information. If we buy the house we’ll pay you $250 just for providing the lead!
To learn more about how to sell your home in days instead of months, please download our ebook today! Or learn about our super easy referral system that benefits sellers and buyers!
Follow Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.
Sources
http://www.bankrate.com/finance/real-estate/state-foreclosures-south-carolina/