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In the recent times including the first two quarters of 2008, there has been a rise in the rate of Maumelle Foreclosures and this is concerning for the homeowners in the city. A small city situated in the Pulaski County in Arkansas, it is often known as a suburb of Little Rock, which currently has 188 foreclosure homes. With a population of around 10,557 people Maumelle is not a big city but it has managed to get into the home foreclosure map and is a contributor to the 1,126 Arkansas foreclosures recorded at the end of June 2008.
Out of the 1,126 Arkansas foreclosures, 55 homes received NOD, 874 got NTS and 197 are REO’s. The rate of Arkansas foreclosures is one per 1,131 homes and this has put the state in the 24th position among all US states. Maumelle home foreclosure rates have increased since the first quarter of 2008 just like the increase in the rate of foreclosure homes in the state. Once a small city dreaming about a great future; now there is not much to look forward to because of the increasing number of Maumelle Foreclosures.
Some of the areas that have witnessed high Maumelle Foreclosures activity include Nimrod Cv, Rocky Top Cv, Summit valley Cir, Oak Forest Loop, Grenoble Cir, Bayonne Cv, Maumelle Valley Drive and many more. Maumelle home foreclosure on auction is available for anywhere between $70,000 and $400,000 depending on the type home. But even so, the prices of the homes are much less than their actual value and this is attracting investors and first time home buyers to the city. What lies ahead in terms of Maumelle Foreclosures is what the existing homeowners will have to wait and see.
