Tuesday, May 5, 2009

Your Monthly RealtyTrac Newsletter

RealtyTrac Logo Monthly Newsletter
May 2009 ISSUE 30
Top Story of the Month

Foreclosure Activity Hits Record High in First Quarter

More than 800,000 properties received foreclosure notices in the first quarter of 2009, driven largely by a 17 percent spike in March, according to the latest RealtyTrac Foreclosure Market Report. Despite a drop in bank repossessions (REOs), the Q1 2009 and March numbers were the highest quarterly and monthly totals since RealtyTrac began issuing its report in January 2005 thanks to a surge in defaults and auction sale notices.

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Why is it that good people with good credit and cash in their pocket are having so much trouble getting home loans? There are five key reasons which explain why the credit crunch is crunching even the best of us.
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