REO Home Listings Foreclosure National real estate woes seeping deeper into local market | National real estate woes seeping deeper into local market |
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| Written by Patrick Anderson | |
| Monday, 27 October 2008 | |
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According to real estate industry analysts, The Warren Group, the number of Gloucester foreclosure deeds filed rose from 12 during the first nine months The grass in front of 3 Brierwood Court has grown long since its owners moved out and their lenders put it up for auction. Located on a nice Bay View cul-de-sac with three bedrooms and a two-car garage, the house is one of a growing number of properties facing foreclosure on Cape Ann, a region that until recently had appeared insulated from the financial turmoil gripping the state and country. But while homeowners in Gloucester have not suffered from the collapse of the housing bubble the way many communities in Essex County have for the last two years, foreclosures this year are rising and may be a sign of things to come src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> |
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