Now that you’ve possibly read 4 consecutive articles all proclaiming it to be Spring (as if your calendar didn’t tell you yet), let me provide you with some actual timely intelligence this morning. The foreclosure scene at Lake Geneva continues unchanged, with no apparent ease in filings, and at the same time, no significant escalation in those filings as well. A couple of first timers on the list this week, with a condo at Abbey Hill in Fontana bringing that association into our foreclosure watch for the first time this year. Two properties in Country Club Estates have also been scheduled for auction, including a home in the million dollar range. That million dollar-ish home is the first of its’ kind to enter into foreclosure proceedings, although that very home was scheduled for auction last summer. Perhaps the owner will do what is necessary to avoid foreclosure this time as well.
There’s a builder in Geneva National who’s letting go (notice I say letting go- foreclosure is many times a voluntary process) a handful of vacant lots, and another single family home in the development is also scheduled for auction. 1 single family home posted this week, out of a development with well over 1000 units- not a bad percentage. Ask realtytrac to try to paint that fact with their trademark negative brush. Abbey Springs continues to evade the foreclosure bug, with nothing scheduled in that development at this time. Remember when I said there was a foreclosure scheduled at Bay Shore in Williams Bay? Well that foreclosure never happened, as the owner evaded the action by selling privately before the auction. Let that be a lesson to those of you who might have foreclosure proceedings affecting your own personal homes. Get that home on the market. Every week I continue to be amazed that several of the homes scheduled to go to auction aren’t even on the open market. That’s not a good move, and it’s certainly not part of my three set foreclosure avoidance plan. What’s that plan? Step 1- List your home with a good Realtor. Note I said good. Step 2- Ask your bank for more time if you’re actually serious about avoiding foreclosure. Step 3- Buy lottery tickets.
Step 3 is optional. The rest of the scene is the same, with the only surprise being the 4 properties in Fontana involved in foreclosure proceedings. Delavan, Elkhorn, Whitewater, Genoa City, and the Lake Como area keep hogging the foreclosure spotlight, which is one spotlight that the other municipalities hope never shines on them. If you’re interested in foreclosures, short sales, or otherwise distressed sales, shoot me an email and I’ll let you know the nitty gritty. If you’d rather have someone keep you abreast of what season it is, I think you know where to find that information.