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EconMatters - Global Economic and Market Analysis That Matters

U.S. Housing Market: 6 Million Final Stage Foreclosures by 2014 (Guest Post)

May 15, 2011 by EconMatters   Comments (0)

By Andrew Butter A Bank Repossession (REO) is the final stage of the foreclosure process that typically requires three foreclosure notices in USA. The REO is the point at which the bank throws you out on the street; but when the media report “X” many foreclosure filings in a month, that’s a mix of the 1st, 2nd and 3rd (final) stages. The best source of information on foreclosures in USA that is in the public domain is RealtyTrac who collect and collate information on filings which happen at a local level. They are a research company so you pay for the information which is not...

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