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Foreclosures Up 18%

Posted By Barry Ritholtz On June 11, 2009 @ 12:00 pm In Credit,Legal,Real Estate | Comments Disabled

foreclosures-may-o9 [1]

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US Foreclosure filings (default notices, scheduled auctions and bank repos) were 321,480 U.S. properties during May 2009. Total foreclosures from April 2009, however, decreased 6%.

One in every 398 U.S. housing units received a foreclosure filing in May, the third highest month on record.

RealtyTrac said they expect REO activity to “spike in the coming months as foreclosure delays and moratoria implemented by various state laws come to an end.”

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Source:
U.S. FORECLOSURE ACTIVITY DECREASES 6 PERCENT IN MAY [2]
RealtyTrac, June 11, 2009

http://www.realtytrac.com/ContentManagement/PressRelease.aspx?channelid=9&ItemID=6655

See also:
U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom [3]
Dan Levy
Bloomberg, June 11 2009

http://www.bloomberg.com/apps/news?pid=20601103&sid=aHEpXU3Pg_oU


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/06/foreclosure-up-18/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/06/foreclosures-may-o9.png

[2] U.S. FORECLOSURE ACTIVITY DECREASES 6 PERCENT IN MAY: http://www.realtytrac.com/ContentManagement/PressRelease.aspx?channelid=9&ItemID=6655

[3] U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom: http://www.bloomberg.com/apps/news?pid=20601103&sid=aHEpXU3Pg_oU

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