Post by John Boles
While we have experienced some leveling in our local Boise, Idaho market the last 3 months there are fears of another wave in foreclosure activity. These fears may be founded as foreclosure starts were up 28% in January and some are of the opinion that we will see foreclosure activity at a greater level in 2012 than we did in 2010.
This new wave of foreclosures is expected to hit borrowers who were not involved in many of the sub-prime mortgages but rather folks with ordinary mortgages that have been affected by the recession.
See Reuters article “Americans Brace For Next Foreclosure Wave”.
See Realtor Magazine's opinion "Next Foreclosure Wave Coming: Reason For Alarm?"
Kasey & John Boles
Jon Gosche Real Estate
3931 S. Sumter Way, Boise Idaho 83709
208.830.6185 / email@example.com
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