In May 2009 the foreclosure filings, scheduled auctions, default notices and bank repossessions affected 321,480 U.S. properties during the month of May. This is a decrease of 6 percent from the previous month, but an increase of nearly 18 percent from May 2008. It has been reported that one in every 398 U.S. housing units received a foreclosure filing in May.
This doesn’t sound like a real estate recovery to me.
Find United States Foreclosures
Hans Anderson
Tags: auctions, bank repossessions, default, foreclosure, may, notices, statistics
June 17th, 2009 at 6:40 am
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