A Record number of Homes in the United States were Lost to Foreclosure from January through March. For More information regarding the Real Estate News or Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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A record number of homes in the United States were lost to foreclosure from January through March, which is an indication that banks are beginning to go through the excess of troubled home loans at a quicker rate.
RealtyTrac Inc. stated on Thursday, April 15, 2010 that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009. More homes were taken over by banks and scheduled for a foreclosure sale than in any quarter going back to at least January 2005, when RealtyTrac began reporting the data, the firm said.
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