All Real Estate:Why Foreclosures Have Increased in March?
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Why have foreclosures leapt
With many real estate professionals feeling that there are green shoots of recovery in the US real estate markets it may come as a surprise that there has been a rapid increase in foreclosure filings.
The Obama administration has introduced a foreclosure prevention program, which lenders are beginning to implement. The administration hopes to help up to 4 million homeowners with the program.
According to RealtyTrac figures are up 17 percent from February and 46 percent from March, 2008. For the first quarter of 2009, filings rose 9 percent from the previous quarter and 24 percent from the same time in 2008. Nevada and Arizona both had
Meanwhile Homesgofast.com the UK based overseas property portal report a rush of interest in low priced investment homes in Western New York State. It seems European property investors cannot resist a bargains offered by specialist companies such as Colossal investments and Dollar Property Investment Ltd
So what is the reason for the leap in foreclosures? your comments welcome
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