Record Amount Of Foreclosures Forecast For 2010
Is It Actually Possible That There Will Be More Foreclosures And Short Sale Opportunities In 2010? Yes!
Realty Trac reported on Thursday that the number of foreclosures may rise in correlation to the rise in unemployment. The foreclosure crisis isn’t letting up. Between 3 and 3.5 million homes are expected to enter some phase of foreclosure this year, said Rick Sharga, senior vice president of Irvine, Calif.-based RealtyTrac.
Economic issues, such as unemployment or reduced income, are expected to be the main catalysts for foreclosures this year.
The same three states that led the nation in foreclosure rate in December also posted the highest rates for the entire year: Nevada, Arizona and Florida. More than 10 percent of Nevada housing units received at least one foreclosure filing in 2009, with Florida and Arizona following with about 6 percent each.
The other states ranked in the top 10 for the year were California, Utah, Idaho, Georgia, Michigan, Illinois, and Colorado.
Foreclosures hit record in third quarter 2009 – Oct. 15, 2009 Oct 15, 2009 … Foreclosures: ‘Worst three months of all time’. Despite signs of broader economic recovery, number of foreclosure filings hit a record high …
Locating New Page – nhl.gov Whether you’re in foreclosure now or worried about it in the future, we have information that can help. … Find state and local foreclosure resources …
- Record 3 million households hit with foreclosure in 2009 (money.cnn.com)
- Foreclosures Hit Record High, Agents Shift Focus To Short Sales (agentgenius.com)
- Record year for foreclosures as unemployment rises (sfgate.com)
- Foreclosures Rise 5 Percent From Summer To Fall (huffingtonpost.com)
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this is something that definitely will happen. Foreclosures and short sales will stand as a great thing to invest. There’s a possibility that a record numbers show this year