Forty Madison County properties are being advertised in The Madison County Journal for the March foreclosure sale, an increase from 25 in February, but below the monthly record of 52 in January.
The three-month foreclosure advertising total for 2010 is 117, a pace of 468 for year.
In 2009, 377 foreclosures were advertised in The Madison County Journal. That’s up from 260 foreclosures advertised in 2008 and 150 advertised in both 2006 and 2007.
While the foreclosure sales are advertised in the newspaper, not all properties will necessarily be sold through the foreclosure process. Mortgage holders could still settle with lenders before the property is sold at the courthouse steps.