The title alone, however, will tell you that we just had yet another year in which the number of foreclosures once again shattered previous records. And it looks like 2011 will continue the trend, according to the experts at RealtyTrac.com.
As predicted by numerous housing experts, 2010 was another record-breaker in terms of numbers of foreclosures and bank REOs. For the first time since foreclosure numbers began to be recorded, over a million homes were converted to REO properties, despite the slowdown in foreclosure activity in the final quarter of 2010, due to the discovery of invalid bank …
Frank Patrick, Property Preservation and Trash Out Specialist, recently wrote about the tough time that REO professionals experienced at the end of 2010, and how 2011 could be much better.
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