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Foreclosures increase in Pike County

David Brisendine stood on the courthouse steps and read the foreclosure notices of two properties in Pike County. ’Do I hear a bid of $138,000?’ he asked, even though there were no bidders present. Pike County has seen an increase in foreclosed properties over the past year, but not at the rate of other counties in the region. ’Fortunately for us, our level of foreclosures is still low compared to surrounding counties,’ said Brisendine. ‘Unfortunately, it is extremely high compared to the past.’ According to the national Multiple Listing Service, there were 11 closings in Pike County from July 1 to July 31, 2008 and there have been 19 closings in the same time period for 2009. That’s an increase of 72%.

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