Ooooohhh, that's a big number.
The west coast manager of real estate owned, Senior Vice President Ken Gaitan, stated that Bank of America, which currently forecloses on 7,500 homes a month nationally, will increase that number to 45,000 homes per month by December of 2010
That was clarified as follows:
BofA expects to foreclose on 300,000 properties this year, with the peak month being December at 45K filings.
HT: CalcRisk
Subscribe to:
Post Comments (Atom)
1 comment:
That is quite a spike, dontcha think?
Maybe that bubble has yet to burst.
Post a Comment