Shreveport Foreclosures Predicted to Rise

Shreveport Foreclosures Predicted to Rise

There have been reports that foreclosures have increased a whopping 8.6 percent compared to last year. This is a huge number, because 127,140 houses were sent foreclosure notices this year alone. In Georgia, 9,703 notices were sent; including foreclosures in Macon, GA. Forecasters do not see a decline in this rate any time soon. Also affected in the increase of foreclosures is Louisiana. You will actually be able to see a lot of listings regarding the Shreveport foreclosures.

Though foreclosures in Macon, GA are really sad for their previous owners, people looking to buy new homes, especially in Georgia, are in luck. Prices of foreclosed homes in Georgia have plummeted, like that of those in a neighborhood called Vickery. Houses that used to cost $800,000 are being sold for about $600,000 or even less. There, 75 percent of the houses are now owned by the local bank, and since the prices of homes have decreased about 25 percent, it is smart that you purchase one of these foreclosed homes in the near future, before you miss you the opportunity!

In Louisiana, 10 percent of the homes have been issued foreclosure notices in the last quarter of this year. Shreveport foreclosures are a part of this, so buying your first house, or another one in Louisiana would be a good investment. With 10 percent of the homes in the whole of Louisiana being foreclosed, you will be able to get the homes at a cheaper price, and having many houses to choose from that will fit your style and budget.

There are more options to choose from in the foreclosures in Macon, GA compared to that of Shreveport foreclosures, because there are more foreclosed houses and they are cheaper. But both of them will really provide you with a good deal that will give you a comfortable home with great surroundings.

Just start the foreclosure purchase process on E-ForeclosureSearch.com.

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