Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
New Foreclosure Listings Up 14% Nationwide in March
BOCA RATON, Fla. -- There were 18,012 new foreclosed residential properties listed in the United States during March, an increase of 14%, or 2,220 properties, compared to new listings in February, according to a report from Foreclosure.com.Overall, the total number of active and pending foreclosure properties in the United States rose to 62,964, 6.3% higher than in February.New foreclosures in Ohio for March total 1,087, while 653 are reported in Pennsylvania. The Buckeye State has a total of 4,162 active and pending foreclosures and Pennsylvania has 2,509."Nationwide, residential foreclosures have steadily risen in each of the first three months of this year, says Greg Sullivan, Foreclosure.com vice president. "However, in the last month we saw a small spike in new foreclosure listings. The past month's increases were spread across the country, with the largest volumes of foreclosures remaining in states such as Michigan, the Carolinas, Texas, Illinois, Ohio and Indiana. These high volumes indicate that foreclosures in these areas are a result of generally less favorable economic conditions."Foreclosure.com offers an online database of residential foreclosure properties in the United States to customers and business partners through a Web-based subscription service. The company has access to the nation's largest inventory of residential foreclosure real estate, including real estate-owned properties, Department of Housing and Urban Development, Department of Veterans Affairs, Fannie Mae, and other government agency and financialinstitution properties and listings from an extensive network of corporate sellers. Visit Foreclosure.com: www.foreclosure.com"