Archive for October, 2009

RECORD FORECLOSURES HIT THE MARKET.

Thursday, October 15th, 2009

With the highest marks in the Foreclosure business and one of the leading bank REO listing team in Atlanta, now is the time to start thinking about that new home or investment property.

According to Realty Trac (a national foreclosure information source) “IRVINE, Calif. – Oct. 15, 2009 — RealtyTrac® (realtytrac.com), … default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005. ”

Further they said “Other states with foreclosure activity totals among the nation’s 10 highest include Georgia with its epicenter in Atlanta. SEE MORE AT www.atlprime.com.

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