Monday, October 8, 2012

Zombie Houses - Being Reined In?

The number of foreclosure homes, often called REO's (for Real Estate Owned) properties - what I like to call a Zombie House, have declined over the past few months.  In fact, inventory overall has declined which has lead to buyers struggling to find the home they're looking for.
Nobody's home!

Zombie homes in the Cincinnati area have declined, as well as nation-wide.  This doesn't mean they're not still there - in fact, about 27% or our market right now is lender owned property.  But with significant less inventory overall on the market everything is down.  Just for a quick peak - here are 11 Lender owned homes in the Cincinnati area that are ready to sell  If you are looking for a fixer upper to pick up as an investment property, something to flip, or a home to call your own at a great price - there are some outstanding lending options out there to help you.

I'll talk more about some of those next time.

If you simply can't wait though - give me a call

Chris W.
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