megabear Posted June 7, 2004 Report Posted June 7, 2004 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 [email protected]/[email protected] SOURCE Foreclosure.com Irene Savage, +1-781-274-9148, [email protected], or Tristam Wallace, +1-781-274-8710, [email protected], both of Harpell, Inc. http://www.foreclosure.com
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