June 11, 2009 |
| One Million Foreclosure Filings Within Just The Past 3 Months |
Wow!!! According to RealtyTrac, there were 1 million foreclosure filings nationwide within just the past three (3) months. The temporary freezes on foreclosure filings by lenders ended in March. As a result, the backlog of postponed foreclosure filings hit the market in unprecedented numbers in recent months.
The May '09 foreclosure numbers were 18% higher than the May '08 foreclosure numbers. There were 321,000+ foreclosure filings nationwide just within the month of May as well. Last year, there were 3.1 million foreclosure filings nationwide. RealtyTrac forecasts over 4 million foreclosure filings nationwide for this year alone.
Not surprisingly, Nevada, California, Florida, Arizona, and Michigan were the top 5 states nationwide in terms of foreclosure filings. As unemployment numbers sadly increase in the USA, we expect the foreclosure filings to only increase.
However, we are offering our clients unprecedented investment opportunites as our internal, private foreclosure software systems and incredible lending options (up to 75% LTV purchase loans - no income and no asset verification at the final Courthouse steps (or final auction sales)) may help them find and fund these bargain deals for a FRACTION of their current estimated values.
Please email or call me for Foreclosure Investment Funding Deals.
|