One of every 374 US homes received a filing during the month, the highest monthly rate that Realty Trac, an online marketer of foreclosed properties, has recorded in four + years of record keeping. "April was a shocker" said Rick Sharga, a spokesman for Realty Trac, "I would have bet on a dip because March foreclosures were so high". Instead filings inched up 1% from March and rose 32# compared with April 2008. There were 63,900 bank repossessions, the last stop in the foreclosure process. More than 1.3 million homes have now been lost to foreclosure since the market meltdown began in August 2007.


Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!