More than 500,000 properties were foreclosed on in the first six months of 2010, and lenders are on track to exceed 1 million REOs for the year – a record number since the beginning of the recession, according to the RealtyTrac U.S. Foreclosure Market Report.
State January to June 2010 REOs
1. California 92,318
2. Florida 54,940
3. Arizona 39,017
4. Michigan 38,910
5. Texas 31,216
6. Illinois 27,137
7. Georgia 26,392
8. Ohio 20,516
9. Nevada 17,747
10. Tennessee 12,809
http://www.realtytrac.com/landing/half-million-reos-first-six-months-of-2010.html?a=b&accnt=258962
ShirLee's Homes4SaleUtah BLOG
ShirLee McGarry's Homes4SaleUtah BLOG, features great articles for consumers, homeowners and Realtors® addressing community, local, state and national real estate news.
Articles also include refreshing humor to encourage smiles and support for all real estate warriors in the trenches who do stand out to make a difference in their client's lives in the exciting and challenging world of the Realtor®.
Penned by Associate Broker-Realtor®,and Registered Author, ShirLee McGarry® with RealtyPath in Sandy, Utah
Thursday, August 12, 2010
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