Nevada number 1 in foreclosure filings as 1 in 94 properties received a notice.
By Daniel at 14 January, 2010, 4:04 pm
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“Had we not had a moratorium, it would have been even higher than we saw,” said Rick Sharga, vice president of marketing at RealtyTrac.com. “We’ll probably see an increase in the first quarter as well.”
http://www.cnbc.com/id/34846937
The number of listed foreclosures is actually declining here which means the banksters are holding back listing them in an attempt to stabilize the market. For the meantime, it is working as prices have leveled off, but if the backlog of foreclosures on their books keeps building, they are setting themselves up for more trouble down the road.
It’s like the entire financial policy is to keep waiting and pray for a miracle turnaround, and inflation, but the only thing inflating is some commodity prices and the stock market. Both can turn around very quickly.
Increasing oil prices resulting in higher pump prices only means the strapped consumer has less to spend on other items.
This will not end well.
- VegasBill
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