24.05.2011 - Is a foreclosure Tsunami hitting the real estate market?
Since the financial crisis began in 2007, banks and lenders have almost doubled their real estate holdings, with over 872,000 homes currently in their possession, and still another million currently in the foreclosure process. According to RealtyTrac, a real estate data provider, 1 in every 593 homes received a foreclosure filing just in April 2011. That number is even greater in many states, including California, Oregon, Michigan, Florida, and even Nevada, where 1 in every 97 homes received a foreclosure filing just last month..............................................Full Article: Source
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