Real Estate Foreclosure News Still Grim, Columbia SC No Exception

Foreclosure actions are still moving at record levels according to RealtyTrac’s April 2009 US Foreclosure Market Report. The report, which shows foreclosure filings-default notices, auction sale notices and bank repossessions, indicated a 1% increase from March 2009 and a 32% increase from a year ago in April 2008. The report indicates the highest monthly foreclosure rate ever posted since RealtyTrac began issuing its report in January 2005. Activities associated with the initial stage of the foreclosure process were highest which suggests that many lenders and servicers are beginning foreclosure proceedings on delinquent loans that had been delayed by legislative and industry moratoria. Based on these indicators, it’s likely that we’ll see a corresponding spike in REOs as these loans move through the foreclosure process over the next few months.

Top foreclosure rates were seen in Nevada, Florida, California, Arizona, and Idaho, respectively. Nevada continues to have the nation’s highest foreclosure rate with one in every 68 housing units receiving a foreclosure filing. In Florida, one in every 135 housing units received a foreclosure filing. One in every 138 housing units in California received a foreclosure filing. The following are levels of filings for Arizona (one in 164) and Idaho (one in 255). Other states rounding out the top 10 in foreclosure rates were Utah, Georgia, Illinois, Colorado and Ohio.

For more information on the Columbia SC Real Estate Market contact Ed Flowers Broker/Owner of EXIT Sandlapper Realty at 877-357-3948.

Columbia SC Real Estate for Sale

Columbia Entry Level Homes [less than $125K]	Columbia Median Homes [$125K ~ $300K]	Columbia Upscale Homes [$300k ~ $600K]
Columbia Luxury Homes [$600K ~ $1M]	Columbia Million Dollar Homes [more than $1 M]	Columbia Lots and Land for Sale
Irmo Real Estate for Sale	Blythewood Real Estate for Sale	Northeast Columbia Real Estate for Sale

Columbia Real Estate: Homes for Sale in Columbia SC. You will also find the following home searches, Columbia Entry Level Homes, Columbia Median Homes, Columbia Upscale Homes, Columbia Luxury Homes, Columbia Million Dollar Homes, and Columbia Lots and Land for Sale in Columbia SC. Other popular towns and areas for search: Columbia, Irmo, Blythewood, Northeast Columbia, Southeast Columbia, Lake Murray, West Columbia, Kershaw County, Camden, Chapin, Elgin, Gilbert, Leesville, Lugoff, Prosperity, and Winnsboro South Carolina. Exit SandLapper Realty. Call us Toll Free for more details (877) 357-EXIT (3948).

Columbia SC Real Estate for Sale
Exit Sandlapper Realty, led by Ed Flowers, is your direct link to all the properties for Sale in Columbia South Carolina. List your property and receive excellent results from the leaders in Real Estate in all areas such as Columbia, Irmo, Blythewood, Northeast and Southeast Columbia, Lake Murray, West Columbia, and all of Kershaw County South Carolina.