Wednesday, August 11, 2010

500,000 bank-owned homes in first half of 2010

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Lenders foreclosed on more than 500,000 homes during
the first six months of 2010!
Lenders foreclosed on a record number of properties in the second quarter of 2010, surpassing the previous record set in the first quarter for a total of more than 500,000 REOs during the first six months of the year. View Top 10 States
This clearing of the “shadow inventory” of foreclosure properties means more
bank-owned bargains are available for you to purchase. And you can find
them all on RealtyTrac – both listed and unlisted REOs – along with pre-
foreclosure short sales and discounted foreclosure auctions. Read More

Video: Midyear 2010 Foreclosure Report
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600,000 Pre-Foreclosures
      – Unlisted defaults
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      – Trustee’s sales
      – Sheriff’s sales
900,000+ Bank-Owned
      – Listed & unlisted REOs
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