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James Island Real Estate News: Foreclosed Homes Could Top 1 Million
More than 1 million American households are likely to lose their homes to foreclosures as lenders work through their massive backlog of borrowers who have fallen behind on their home loans.
In the first six months of 2010, nearly 528,000 homes were taken over by lenders. Some of these foreclosures come from the James Island and Charleston Real Estate inventory. At this rate, eclipsing the $900,000 foreclosures during 2009, is all but assured.
To find out more about James Island and Charleston Foreclosures, read this article from The Post and Courier.
For More information on Charleston Real Estate and/or Folly Beach Real Estate contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.
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