Bank Reposessions Reach Record Levels For The Second Straight Month

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Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

Foreclosure concentration, by state (May 2010)

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide.

As compared to May 2009, all 50 states now show an increase in annual REO activity.

Data like that won't surprise today's active home buyers in.......

 

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Bank Reposessions Reach Record Levels For The Second Straight Month

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Rainmaker
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Mike Martin
(909) 476-9600 ~ WeLoveSellingRealEstate.com - Fontana, CA
Realty Masters & Associates

So sad - like you said, not unsurprising, but it's unfortunate so many fmailies are losing their homes still.

Jun 10, 2010 05:03 PM #1
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Rainmaker
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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

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