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realtytrac.com - 1/15/2009

FORECLOSURE ACTIVITY INCREASES 81 PERCENT IN 2008

— realtytrac.com — By RealtyTrac Staff Nearly 3.2 Million Foreclosure Filings on More Than 2.3 Million Properties Reported IRVINE , Calif. – Jan. 15, 2009 – RealtyTrac® ( realtytrac.com ), the leading online marketplace for foreclosure properties, today released its ... (more) FORECLOSURE ACTIVITY INCREASES 81 PERCENT IN 2008

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RealtyTrac: Foreclosure Filings Increase 81% in 2008
Calculated Risk — Press Release: RealtyTrac ... today released its 2008 U.S. Foreclosure Market Report(TM), which shows a total of 3,157,806 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 2,330,483 U.S. properties during the year, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007. Foreclosure filings ...

Words from the (investment) wise 1.18.08
The Big Picture — ... of the major lenders and loan servicers aimed at delaying foreclosure actions against distressed homeowners. “‘Clearly the foreclosure prevention programs implemented to-date have not had any real success in slowing down this foreclosure tsunami. And the recent California law, much like its predecessors in Massachusetts and Maryland, appears to have done little more than delay the inevitable foreclosure proceedings for thousands of homeowners.’” Source: PRNewswire, January 14, 2009. Richard Russell (Dow Theory Letters): Campbell - ...