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Foreclosures during April 2009
Real Estate Tips - Foreclosures April 2009
Foreclosures continued to accelerate with April, exceeding even the record pace in March. More than 342,000 homes received foreclosure notices that's one of every 374 U.S. homes, marking the highest monthly rate since online foreclosure marketer RealtyTrac began counting four years ago.
Compared with April 2008, foreclosures were up 32 percent. "April was a shocker," says Rick Sharga, a spokesman for RealtyTrac. "I would have bet on a dip because March foreclosures were so high."
Sharga predicts that the numbers will continue to climb because legislative and industry moratoriums have ended and lenders and servicers are kicking into high gear.
Ten states accounted for 75 percent of all foreclosure activity in April. Those states with the highest rates of foreclosure are:
1. Nevada
2. Florida
3. California
4. Arizona
5. Idaho
6. Utah
7. Georgia
8. Illinois
9. Colorado
10. Ohio
Ahorre May 14, 2009 01:59 PM | New Fairfield Connecticut