Housing Crisis: 243,000 US Homes in Foreclosure and Counting

Saturday, July 04th, 2009

Hot Topics : Unique “Payout Method” Instantly Credits Your Bank Account on the 3rd Friday of Every Month

May 14th, 2008 | By Contrarian Profits | Category: Featured, Financial News

US foreclosure filings climbed 65% and bank seizures more than doubled in April from a year earlier as mortgage industry efforts to modify loans fell short, reports Bloomberg.

More than 243,300 properties were in some stage of foreclosure, the highest monthly total since RealtyTrac Inc., a seller of default data, began in January 2005. One in every 519 households received a filing and Nevada, California and Florida had the highest rates. Filings rose 4 percent from March.

Pages: 1 2

AdvertisementWhy a European Bank Spent $10 Million Trying to Steal This Code From Me…
After a decade of work, I’ve perfected a method that can predict the movement of individual stocks or entire markets – down to the penny – days, even years in advance. And it works with stocks, bonds, ETFs, currency…

In fact, I’ve recently led readers to gains of as much as 130%...153%...and 155%. It’s so accurate, that both a European bank and a foreign government have tried to steal it from me.

Click to find out what makes this the most powerful financial indicator on earth… and how you can use it to your full advantage.

More on this topic (What's this?)

May San Diego Home Sales Increase Revised From 89% to 6.5% (Zero Hedge, 6/30/09)

Mortgage Rate And Home Sales Weakness Accelerates (Zero Hedge, 6/24/09)

The Housing Market: The Disappointment Of The Decade (Investment U, 5/27/09)

Read more on Foreclosure, U.S. Housing Market at Wikinvest

Pages: 1 2

Tags: Brian Hunt, foreclosures, housing crisis, Housing Slump, National Association Of Consumer Advocates, Real Estate Sector, Realtytrac Inc

By Contrarian Profits

May 27, 2008 -- Housing Crisis: Case-Shiller Index Reveals 13% Price Drop
June 12, 2009 -- Two Reasons Why the Worst Is Yet to Come for Housing
June 3, 2009 -- Why US Housing ‘Stabilization’ Is the Mother of All Head Fakes

Leave Comment

	The current economic turmoil means there are a pile of hidden bargains in the markets right now. Bargains that won't be around forever. 'Hidden Value' helps you find the value opportunities that have been created by market volatility. It's a simple, short, email that features the top 4 value ideas of the day.		The Daily Reckoning offers a "uniquely refreshing" perspective on the global economy, investing and living well in uncertain times. Learn what to expect from today's volatile markets -- and how to prosper. Select Edition:
	Money Morning is the leading source of investment research on the global markets. Its free daily service provides news, research, investment opportunities and insights on international investing -- most of it well before it appears in the mainstream financial media.		Investor's Daily Edge provides clear recommendations and practical strategies for protecting your portfolio and multiplying your money – whether the market is rising or falling.
	Taipan Daily provides late-breaking investment opportunities to give you an insider's edge over the Street. Filled with investment analysis and insight from every sector, it delivers just the right blend of safe opportunities with the fast-moving plays.		The Offshore A-Letter specializes in elite global investment opportunities, asset protection strategies, tax management solutions, second citizenship and residency programs and offshore structures.
	Investment U delivers independent, no-nonsense investment advice on how to build long-lasting wealth, including investment research, reports, and interviews with a contrarian point of view.		The Smart Profits Report is a valuable resource that you can use, whether you're a beginner or a seasoned pro. Our editors will guide you from the investment basics to the more advanced (yet easily-understandable) "out-of-the-box" trading strategies that immediately show you how to enjoy consistently bigger, faster gains than the average crowd that acts on Wall Street spin and mainstream media fluff.
	The Penny Sleuth reveals what small-cap stocks the insiders are buying right now, the best online brokers availble and the advantage you have that Warren Buffett says is so great he could use it to make 50% a year -- every year.		The Daily Resource PLUS was designed from the start to be the world's most comprehensive yet quick-reading daily e-letter providing concise updates on precious metals, energy, resource stocks, currencies, unfolding economic trends and more... including private placement financings!
	Today's Financial News provides an independent and practical perspective on the US and global investment markets. Containing commentary, interviews and recommendations, it helps you make the right financial decisions.		Whiskey and Gunpowder is brought to you by a team of rebellious brigands. Exploring commodities, politics, technology, nature, history and much more, it offers investment ideas and analysis you won't find in the mainstream media.