SD Foreclosure Notices

by | Aug 30, 2013 | Foreclosure Count, Foreclosures | 2 comments

The mid-range market isn’t getting much help from defaulted properties – here’s a look at last month’s foreclosure notices sorted by home size and their estimated value:

SD County Defaults by Sq. Ft.
SD County Defaults by Est. Value

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Jim the Realtor
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2 Comments

  1. Thaylor Harmor
    Thaylor Harmor on August 30, 2013 at 7:50 pm

    Maybe banks will rush out distressed properties if they see a dip coming?

  2. Friakel
    Friakel on September 3, 2013 at 11:35 am

    @Thaylor Harmor

    Rather unlikely.

    Banks can finance their inventory near 0% with the Fed. As long their other costs of holding on distressed properties are under control or they can stick the bill onto somebody else (stalled foreclosures), their total costs of carry are very low and likely to remain so for a few more years.

    They have very little incentive to rush properties to the market.

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