Dothan Real Estate Market – July Foreclosure Report

By: Charles Woodall


http://www.dothanhomesearch.com

According to RealtyTrac (via the Birmingham Business Journal), foreclosures in the state of Alabama were up 22% in June. However, RealtyTrac’s second Quarter report showed numbers up 7.59% from the first quarter, but down slightly from the second quarter of 2007. According to the release, there were 683 homes in some state of the foreclosure process, and over 1100 already foreclosured homes up for sale across the state.

Here in the Dothan area, RealtyTrac only lists 15 foreclosed properties, which is really an insignificant number. Anyway you look at it, the Dothan real estate market is not experiencing any increase in foreclosures at this time.

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