Vermont Foreclosures

When it comes to numbers, higher usually means better. That is not the case
when you are talking about total new foreclosures and foreclosure percentages.
In that instance, you want the lowest numbers you can get. Vermont may
not have the lowest numbers but they certainly are respectable. In December 2008
the state turned in a 0.005 percent foreclosure rate, which means in the entire
month of December only a total of 16 new properties
met the fate of foreclosure.

That means that there is virtually and for all intent and purpose, not foreclosure
activity in the state of Vermont and people there are keeping their homes. As
we look back as far as January 2007 these numbers have remained non-existent.
In fact, there were several months where there was only one new foreclosure listed.
If we add all the new foreclosures together from January of 2007 through the
month of December 2008 we get a total of 185 listings. That is a total in almost
two full years. Take a look at the state of New Hampshire right next door which
turned in 875 in just the month of December. That gives you an idea of how huge
this low number is, please pardon the oxymoron.

And the analysts are predicting that January and February 2009 are going to be
similarly impressive and are expecting low to no percentages of foreclosures.
In a time when the nation is seeing more and more foreclosures monthly almost
without fail, that is an unheard of feat that is fantastic news for the people
in the state of Vermont.

The few foreclosures mean that the market here with regards to foreclosed
properties is going to be soft and as a result what is available
and what is going to be available will not be all that stellar from an investment
standpoint.