Cherokee Tribune – Foreclosures dip 53 in Sept economy improving expert says

19
Sep

Cherokee Tribune – Foreclosures dip 53 in Sept economy improving expert says

CANTON — Foreclosures numbers in Cherokee County are down in the month of September by about 53 percent from the same month in 2012.

September saw 162 foreclosures advertised in Cherokee Tribune, the county’s legal organ, which is down from 345 in September 2012. September’s number is also up from August, when 143 properties were set to be foreclosed, but local financial leaders say the 53 percent decrease from last September is more significant.

Steve Holcomb, president of United Community Bank in Canton, said Friday the decrease from 2012 is the result of several factors, which have amounted to a “visible improvement” in the economy in general.

“Homeowners and consumers are feeling like they can breathe again,” Holcomb said. “People are more positive. Consumer confidence is the highest it’s been in some time.”

via Cherokee Tribune – Foreclosures dip 53 in Sept economy improving expert says.

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