Foreclosures,Edgewood New Mexico Real Estate for Sale, The Kniffin Team Real Estate Professionals, Blog Post 1/19/2013
If your interested in some great buys, we see homes for sale, as low as $19,000!! If you got the money, Call me. 505 440-6878
Foreclosure activity accelerated in New Mexico in December compared to November but was down from the same time in 2011, according to RealtyTrac numbers reported by the Albuquerque Journal.
There were 933 homes in the state somewhere in the foreclosure process during December, an 85 percent jump from 505 homes in November but a drop from 950 homes in December 2011, according to the Journal. December was the busiest month for foreclosure activity in 2012.
Nationwide, foreclosure activity decreased 10 percent from November to December, dropping to the lowest level — 162,511 homes somewhere in the process — since April 2007, the foreclosure listing firm reported.
During the fourth quarter, foreclosure activity in New Mexico dropped 28 percent, from 2,752 in the final three months of 2011 to 1,989 in the same period of 2012, according to the Journal report. The fourth quarter also showed a 23 percent drop from 2,570 home in the foreclosure process in the preceding third quarter.