What is a Foreclosure?

A foreclosure is a legal procedure where someone other than the registered owner (who is in default) takes over a property; usually it is a mortgagee ie a bank or other Mortgage lender who forecloses. It is a type of court ordered sale.

 Current foreclosure Data

Property type                            Listed                        Under offer  

Single family                                 23                                    1                                    

Condo / Townhouse                      21                                    3                                          

Lots                                                 2                                     0       

Manufactured homes                      1                                     0

Totals                                            47                                     4