Wednesday, January 20, 2010

, Year-End Foreclosure Report released

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Man with Telescope What is the state of the
foreclosure market?
Let's take a look back
at the past year.
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A record 2.8 million properties received foreclosure notices in 2009, up 21 percent from 2008 despite shadow inventory of 1 million+.
 
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More than 2.8 million U.S. properties received a foreclosure filing in 2009, an increase of 21 percent from 2008 despite an estimated shadow inventory of more than 1 million properties where foreclosure has been delayed, according to the 2009 year-end report from RealtyTrac. Since the beginning of 2007 close to 6 million U.S. properties have received a foreclosure filing, and more than 2 million properties have been repossessed by lenders through the foreclosure process. Read More.
 
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