Forty-eight Madison County properties are being advertised in The Madison County Journal for the September foreclosure sale, up from 36 in August.
The nine-month foreclosure advertising total for 2010 is 339. At that rate, 452 properties will be advertised for foreclosure in 2010. 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 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.