There were a total of 3,825,637 foreclosure filings in the US in 2010 (3,957,643 in ’09, 3,157,806 in ’08, 2,203,295 in ’07)
The total share of all distressed properties sold in California went up to 48% in May 2011 from 46% in May 2010
Existing home sales dropped 15.3% across the nation in May 2011
To make matters even worse, about 3.8 million U.S. homes are “vacant and held off the market, part of the large, so-called shadow inventory,” Assistant Treasury Secretary Mary Miller said in a June 9, 2011 address in Washington. Rick Sharga, senior vice president of RealtyTrac, said in an interview with Bloomberg Television that the number may be as high as 5.7 million homes. “At current sell-through rates, it could actually take us almost 12 years to work through that inventory,” Sharga said on Bloomberg Television.
Our Nation is undergoing the worst economic crisis since the Great Depression and millions of people are facing the same financial hardships that stem from the current Housing Market Crash that has overwhelmed our entire financial system since 2007. It will take many more years for our Housing Market to even partially recover from this devastating downturn.
The National Association of Realtors conducted a survey in which respondents said buying/selling a home was the 2nd or 3rd most stressful event in their life.
One can only imagine the stress, suffering, and pain that comes from losing a home. For most people, this is all too overwhelming. Emotions run from anger to fear to hopelessness.
WE ARE HERE TO HELP! You did not invite this problem on yourself and most likely you will not be able to solve it on your own. We want to show you that there is a quick, effective, and dignified solution for you and your family to regain your financial security and prepare for a brighter future.
Call (877) 728-5942 or email us at SFFinancial@hotmail.com
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