New U.S. Foreclosure Inventory Nears 30,000 in October

[UpInArms]

New U.S. Foreclosure Inventory Nears 30,000 in October, Announces Foreclosure.com

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/11-08-2004/0002397054&EDATE=

BOCA RATON, Fla., Nov. 8 /PRNewswire/ -- According to data released today
by online foreclosure listing service, Foreclosure.com, there were 29,786 new
foreclosed residential properties listed for sale in the U.S. during October
2004. The total U.S. residential foreclosure inventory available for sale in
the U.S. during the month of October was 81,106 properties.

"We saw a five percent greater increase in the number of new foreclosures
from September to October than the rise in total inventory for sale. The
smaller increase in total inventory indicates that competition for the
purchase foreclosed properties is very strong and property turnover is rapid,"
said Greg Sullivan, vice president and co-founder, Foreclosure.com. "However,
with nearly 30,000 new properties added to the inventory in the past month and
an active inventory of more than 81,000 properties, the investment opportunity
remains strong. In this tight market, successful buyers will be those who have
access to detailed, up-to-date inventory information and quick, direct access
to the sellers for properties across the country."

...more (including a list of foreclosures by state)...

[roguevalley]

1. good. its going to take true misery to learn our way out of this.

unfortunately. I will light a candle for the poor souls caught up in this who don't deserve it. For the rest? Fuck em.

[hatrack]

2. Well, at least ONE sector of the real estate industry is booming!

And, as the article says, "the investment opportunity remains strong"!

[VegasWolf]

3. Low interest rates let them buy, too bad they didn't have a job

to make monthly payments.

[Ready4Change]

4. What a "dynamic" economy!

:eyes:

[pinerow]

5. Here's hoping they are alll in "Red States"

nt

[intheflow]

6. Buh... buh...but I thought the president said homeownership was up.

He wouldn't lie to us about the economy, would he?
:eyes:

[acmavm]

7. Of course not, silly one. Just like he wouldn't lie to us about Iraq, his

military record, his successful career in business, his compassionate Christianity, etc.

Of course not.

<Very heavy sarcasm but not directed at the poster.>

[Erika]

8. Bush may be your president but he isn't mine.

Now, you may call him "Liar in Chief".

[WhiteTara]

11. he will always be known as chimpy to me eom

[OutsourceBush]

9. Ownership society = you get outsourced and the BANK owns it!

[tinanator]

10. the correct translation

"the media" pointed that out, didnt they?