Steamboat Springs Trending More Favorably than National Foreclosure Numbers
By Charlie Dresen, Steamboat Springs, CO e-Pro
(The Group, Inc)
Steamboat Springs Trending More Favorably than National Foreclosure Numbers RealtyTrac Inc. reported today that the number of homes receiving first time foreclosure notices nationally rose 7% in March from February numbers. This marks the third consecutive month this year that foreclosure notices have increased nationally. It was a known fact that shadow inventory exists, and now it’s becoming evident just how many unpaid mortgages were hung up in the banking system awaiting a court settlement that came through in February. With the $25B settlement reached, it’s clear that banks have resumed their quest to address unpaid mortgages. We have a brighter picture in Steamboat Springs, although truth be told, it’s only brighter on paper, because for those Steamboat Springs home owners being f...