Today RealtyTrac released its May foreclosure report and the numbers aren’t great. Foreclosure filings — defined as default notices, scheduled auctions and bank repossessions – ticked up 9% from April. It’s the first nationwide increase in foreclosures in 28 months, after more than two years of consecutive declines. Currently one out of every 639 homes in the U.S. is now distressed.
Read Full Article »Why the New Wave of Foreclosures Is Good News
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