No relief from foreclosure heat in August

Alan Barker's personal annotations on this page

Atrain2007 bookmarked on 2009-09-18 foreclosures reos

Bank Repossessions were down, but defaults keep increasing.

month-over-month and year-over-year decrease in bank repossessions (REOs)
total foreclosure activity in August remained close to the record high set in July
increasing defaults and scheduled foreclosure auctions
358,471 U.S. properties received foreclosure filings
an increase of nearly 18 percent from August 2008.
The August report demonstrates that there is still an ample supply of properties filling the foreclosure pipeline even
we also saw a record high number of properties either entering default or being scheduled for a public foreclosure auction
Nevada, Florida and California posted the three highest state foreclosure rates in August. These three states, along with Michigan, Arizona and Illinois, accounted for more than 60 percent of the nation's total foreclosure activity

This link has been bookmarked by 1 people . It was first bookmarked on 18 Sep 2009, by Alan Barker.