With Foreclosures Up, REOs Now Starting to Flood Market
More than a quarter-million pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in the first quarter of the year, according to data released today by ForeclosureS.com, a real estate advisory service. 253,803 notices of foreclosure were filed in the first quarter of 2007, up 22.5 percent from the 207,128 filings in the fourth quarter of 2006.
