Villages of Beaver Creek Midyear 2016 Update

The national foreclosure inventory fell to 375,000 in June, down 25.9 percent since June 2015. Serious delinquencies – mortgages 90 days or more past due – fell to 1.1 million. Both the lowest in nine years. – Mortgage News Daily 

Then so,  what’s happening in Eagle County you ask? Up 8%… WHAT? Yes, we had 53 active foreclosure year to dated 2016  up from 49 in the same time frame in  2015. Keep in mind many of these are timeshare or get cured avoiding a sale date. Of note was the Chateau at Beaver Creek foreclosure which will be coming to market as a bank owned property, there may be a deal here!  Have more questions about the market in Vail, Call me  with your questions or visit the latest market stats at  http://www.weinreichgroup.com/pages/markettrendreport-833394

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