Lender-Owned Properties at a Low

From Carpe Diem:

Below are charts for the individual states that had some of the worst foreclosure problems (CA, AZ, FL and NV), showing significantly reduced levels of lender-owned (REO) properties in June 2009. Click the above link for U.S. and other state charts.



3 Responses to “Lender-Owned Properties at a Low”

  1. 1 Carolyne Abrams August 3, 2009 at 11:54 AM

    As great as all of this sounds, there must be some piece of missing information. By the graph provided, they are saying that the REO rates are to the level of early 2007?! There is NO WAY that can be true. What am I misssing here???

  2. 2 wongt August 5, 2009 at 8:57 AM

    I agree with Carolyne. I do not get how the REO rates today are nearly the same level as early 2007. This cannot be accurate because things were very different then compared to now.

  3. 3 Patrick Powers August 6, 2009 at 3:22 PM

    No surprise here that the worst foreclosure problems were/are in CA, NV, AZ and FL. These states are prime spots for people to live and because of that, the housing costs and standard of living are crazy compared to states such as KS and OK. Its not helping that the country is in a bas spot as it is economically, but these 4 states arent doing as well as hoped. Also it would help to know which cities of these states are having these tough times.

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