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A recent article on MSN Money describes the surge last month in foreclosure activity around the country. March 2009 saw a 46% increase over March 2008.
Much of the increase is attributed to lenders lifting temporary moratoriums and resuming legal actions against delinquent mortgage holders.
To read the full article click here
Locally, the total number of properties in some stage of foreclosure has been steadily increasing the past several months. Currently in King, Snohomish & Pierce county there are a total of 7,877 homes in foreclosure.
The Author: Kristian Aasgaarden
About: Kristian, one of the co-founders of Real Estate Investment Firm, brings over 16 years of industry experience to REIF. Kristian began his career in the escrow field and was an escrow closer for many years before turning to real estate investing.
This entry was posted by Kristian Aasgaarden, on Monday, April 20th, 2009 at 10:33 pm and is filed under Featured, Foreclosures, Marketplace. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
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May 20th, 2009 at 1:02 pm
foreclosure listings…
I have been searching for this information and finally found it. Thanks!…