Thursday, Jun 10, 2010
When they offload them onto market will be interesting
Cnn: Banks seizing more foreclosed homes
Bank repossessions hit a record monthly high in May, according to RealtyTrac, the online marketer of foreclosed properties. Lenders took back 93,777 properties, up 1% from the previous month's record and 44% from the same period a year earlier.
Posted by mark @ 09:38 AM (477 views) Add Comment
2 Comments
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1. mark wadsworth said...
"One in every 400 homes received a foreclosure notice last month."
Crikey!
2. Blinktoofast said...
Pretty sure this is what happens !
http://www.trulia.com/MI/Detroit/#for_sale/Detroit,MI/price;a_sort/