Saturday, February 20, 2010

Foreclosures up

Just checking in on the total foreclosures for Prince George BC and area and as of today they are at 34.

I believe we will see this kind of number and even a further increase this spring & summer as most of the mill closures and layoffs and just bad economic times occured about 12 to 20 months ago. So for those unfortunate to be laid off etc, their UI, support income or savings has or is most likely come to an end. Also those that stop making payments on their homes mid last year would be seeing the lending institution starting the foreclosure process about now.

Dean Birks
Prince George Real Estate