Foreclosures slowing – Faulty Paperwork the Likely Cause – Mission Viejo Real Estate
What does this slowing trend in National Foreclosure activity do to the Mission Viejo Real Estate market? It sure does trickle down. Currently, there are 22 Active REO homes for sale in Mission Viejo, 13 in Back Up status, 17 Pending, and 60 have closed in the last 90 days. In the same 90 day period a year ago, 88 Mission Viejo REO homes sales closed. A downward trend for sure.
Hopefully, a good sign for the economy and people holding on to their homes – because of job growth or faulty paperwork.