WInston Trails homes for sale

9/21/09

Lis Pendens in Winston Trails

Notwithstanding all of the good housing news that has been all over the media recently, the number of homes in some stage of a foreclosure action by the lender, in Winston Trails, currently stands at 85.

Now this doesn't necessarily ean that all 85 are "going back to the bank"...some of the 85 may catch up on back payments, some may negotiate a forebearance agreement, others will be able to refinance out of their loan, some will do a short sale, and the rest.....

Considering that a review of recent courthouse sales reveals that banks are taking anywhere from 9 months to almost two years to actually take a home back, housing prices during the next 24 months could still be very soft absent some new govt. assistance/stimulus directly to housing.

 
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