Lenders and investors in mortgages owned about 660,000 foreclosed homes in April, up from 493,000 in January, 2009 and 231,000 in January 2007, according to First American CoreLogic, a research firm based in Santa Ana, Calif., that collects data from lenders and county clerks. The April total works out to about one in seven previously occupied homes available for sale nationwide.A total of 803,489 properties entered some stage of foreclosure during the first quarter of 2009 which is the highest number in history. However, not all of the homes that entered the foreclosure process were actually foreclosed as some were redeemed, some were sold through short sales, etc.
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06-01-2009, 11:58 AM
How many houses are in foreclosures in the
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