Potential buyers look for bargains in foreclosures
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foreclosures, Mortgage News March 31st, 2008LACEY — Thurston County foreclosure notices have increased more than 50 percent in the first quarter of 2008 compared with the same period last year, prompting one real estate agent to begin offering tours of homes in various stages of foreclosure.
Through the first three months of the year, the county has received 228 foreclosure notices, up 54.1 percent from the 148 received during the same period last year, county licensing and recording manager Terra Howell said.
South Sound real estate agent Phil Sharp has tried to capitalize on this increase by offering tours of foreclosed property to potential investors.
On Saturday, about 15 people loaded into two white vans and toured 12 homes in Lacey and Olympia that were listed for sale by banks, or by owners hoping to sell their houses before they are sold at auction.
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Tags: foreclosures, Mortgage News
