Thursday, April 30, 2009

Foreclosure Filings Up in Record Numbers

From CNNMoney.com, "Foreclosure filings in record jump":

Servicers initiated foreclosure proceedings against 290,000 mortgage borrowers,
a jump of nearly 20% from February's 243,000, and the highest monthly total
since the coalition began tracking data in mid-2007. Starts have risen by more
than a third since January.
From the beginning:

Since the mortgage meltdown hit in July 2007, 1,447,866 homes have been lost to
foreclosure.

Wow ... any end in sight?

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3 Comments:

At May 14, 2009 4:12 PM , Anonymous Anonymous said...

"Wow, any end in sight?..." No, but it is easy to see this is the beginning.

 
At June 29, 2009 11:27 PM , Anonymous real estate business cards said...

those are high digits, although the market now is slowly picking up, hopefully it will gain stability again somehow.

 
At July 17, 2009 5:26 PM , Anonymous real estate said...

hello, this is my first time i visit here. I found so many interesting in your blog especially its discussion. keep up the good work.


regards

 

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