Home Foreclosures Headed Towards 2 Million by Mid-Year
According to RealtyTrac, a leading site for foreclosure information, U.S. foreclosure filings may hit a record 1.8 million by the first half of the year. In the article, U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom, the numbers cited are dire, ie:
Additional U.S. home foreclosures will probably total 6.4 million by mid-2011, and inventories of foreclosed homes awaiting sale will probably peak in mid-2010 at about 2 million properties . . .
The Top 10 Cities for Foreclosures
Nevada, California and Florida had the highest foreclosure levels. Following them in the top 10 were Arizona, Utah, Michigan, Georgia, Colorado, Idaho and Ohio. [Source: Georgia still in top 10 for foreclosures, Atlanta Business Chronicle]
Monday’s Post: What an FDIC Official Said About Foreclosure Cleaning Jobs and Contracts
Got some inside information from an FDIC (federal government bank) official regarding foreclosure cleaning jobs and contracts. Monday’s post will address this, so stay tuned.
P.S.: Learn now to buy foreclosures cheap — as cheap as $45/month — really!
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