[megabear]

Someone over at PB posted this. It's from an interesting site:
www.foreclosure.com


U.S. Supply of Foreclosed Properties Reaches Its Highest Level of 2004, Announces Foreclosure.com
PR Newswire - June 07, 2004 09:01
New Foreclosure Listings Have Leveled Off Across the Country, Yet Active Foreclosure Inventory Increased 10 Percent in May


BOCA RATON, Fla., Jun 7, 2004 /PRNewswire via COMTEX/ -- According to data released today by online foreclosure listing service, Foreclosure.com, there were 29,990 new foreclosed residential properties listed in the U.S. during May 2004. Overall, the total number of foreclosed properties available in the U.S. for the month of May was 82,991. While the number of new foreclosure listings remained relatively even from April to May, there was an increase of 10 percent in the total number of available properties.

"The increase in foreclosure inventory during the past month indicates that lenders are burdened with a high number of properties. This creates a very attractive buyer's market, as lending institutions do not benefit from holding foreclosed properties on their books," said Greg Sullivan, vice president and co-founder, Foreclosure.com. "Georgia, North Carolina, Ohio and Texas continue to show the largest number of foreclosed properties in the country. However, new foreclosures in Texas, North Carolina and Ohio dropped from April to May, the first drop in new listings in these states in 2004."

Note to Editors: Data includes foreclosed properties in the 50 states and the District of Columbia.

U.S. Foreclosure Data for May 2004:

ALASKA
Total Properties: 66
New Foreclosures: 27

ALABAMA
Total Properties: 1915
New Foreclosures: 670

ARKANSAS
Total Properties: 891
New Foreclosures: 291

ARIZONA
Total Properties: 1490
New Foreclosures: 712

CALIFORNIA
Total Properties: 649
New Foreclosures: 355

COLORADO
Total Properties: 2297
New Foreclosures: 875

CONNECTICUT
Total Properties: 300
New Foreclosures: 111

DISTRICT OF COLUMBIA
Total Properties: 50
New Foreclosures: 28

DELAWARE
Total Properties: 115
New Foreclosures: 53

FLORIDA
Total Properties: 2405
New Foreclosures: 1016

GEORGIA
Total Properties: 6194
New Foreclosures: 2276

HAWAII
Total Properties: 28
New Foreclosures: 13

IOWA
Total Properties: 1078
New Foreclosures: 428

IDAHO
Total Properties: 720
New Foreclosures: 259

ILLINOIS
Total Properties: 2932
New Foreclosures: 1133

INDIANA
Total Properties: 4615
New Foreclosures: 1609

KANSAS
Total Properties: 893
New Foreclosures: 305

KENTUCKY
Total Properties: 1422
New Foreclosures: 504

LOUISIANA
Total Properties: 1193
New Foreclosures: 444

MASSACHUSETTS
Total Properties: 120
New Foreclosures: 38

MARYLAND
Total Properties: 1093
New Foreclosures: 531

MAINE
Total Properties: 138
New Foreclosures: 42

MICHIGAN
Total Properties: 5356
New Foreclosures: 1808

MINNESOTA
Total Properties: 620
New Foreclosures: 240

MISSOURI
Total Properties: 2379
New Foreclosures: 879

MISSISSIPPI
Total Properties: 1179
New Foreclosures: 402

MONTANA
Total Properties: 171
New Foreclosures: 48

NORTH CAROLINA
Total Properties: 6009
New Foreclosures: 1854

NORTH DAKOTA
Total Properties: 68
New Foreclosures: 18

NEBRASKA
Total Properties: 558
New Foreclosures: 201

NEW HAMPSHIRE
Total Properties: 56
New Foreclosures: 20

NEW JERSEY
Total Properties: 674
New Foreclosures: 329

NEW MEXICO
Total Properties: 743
New Foreclosures: 255

NEVADA
Total Properties: 406
New Foreclosures: 224

NEW YORK
Total Properties: 2064
New Foreclosures: 752

OHIO
Total Properties: 5564
New Foreclosures: 1673

OKLAHOMA
Total Properties: 1370
New Foreclosures: 494

OREGON
Total Properties: 1113
New Foreclosures: 411

PENNSYLVANIA
Total Properties: 3117
New Foreclosures: 1060

RHODE ISLAND
Total Properties: 6
New Foreclosures: 3

SOUTH CAROLINA
Total Properties: 2525
New Foreclosures: 856

SOUTH DAKOTA
Total Properties: 132
New Foreclosures: 51

TENNESSEE
Total Properties: 3730
New Foreclosures: 1291

TEXAS
Total Properties: 8715
New Foreclosures: 3213

UTAH
Total Properties: 1391
New Foreclosures: 556

VIRGINIA
Total Properties: 951
New Foreclosures: 316

VERMONT
Total Properties: 35
New Foreclosures: 15

WASHINGTON
Total Properties: 1987
New Foreclosures: 734

WISCONSIN
Total Properties: 966
New Foreclosures: 415

WEST VIRGINIA
Total Properties: 412
New Foreclosures: 116

WYOMING
Total Properties: 90
New Foreclosures: 36

About Foreclosure.com

Based in Boca Raton, Florida, Foreclosure.com is committed to delivering the most comprehensive, up-to-date database of residential foreclosure properties in the United States to its customers and business partners through its cost-effective, Web-based subscription service. Through the company's work with hundreds of the top lending institutions and government agencies, Foreclosure.com has access to the nation's largest inventory of residential foreclosure real estate, including Real Estate-Owned (REO) properties; Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Fannie Mae, and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers. On the Net: http://www.foreclosure.com

Contacts:
Irene Savage/Tristam Wallace
Harpell, Inc.
781-274-9148/781-274-8710
isavage@harpell.com/twallace@harpell.com

SOURCE Foreclosure.com

Irene Savage, +1-781-274-9148, isavage@harpell.com, or Tristam
Wallace, +1-781-274-8710, twallace@harpell.com, both of Harpell, Inc.

http://www.foreclosure.com