Fifteen Madison County properties are being advertised in The Madison County Journal for the June foreclosure sale, down from 38 in May and 50 in April.
The six-month foreclosure advertising total for 2010 is 220.
In 2009, 377 foreclosures were advertised in The Madison County Journal. That was 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 homes will necessarily be sold through the foreclosure process. Mortgage holders could still settle with lenders before the property is sold at the courthouse steps.
NOT sure banks and all giving more time for people to at least partially pay. The foreclosure's so abundant adding more will drive price down further. JUST try to get loan on raw land and see what bank notes it is now worth in MC. Bet much less than most parcels appraised for. IN fact doubt many raw land loans being done at all for what I hear.