Spike in REOs Pushes Foreclosures to 18-Month High in April

The number of foreclosure filings in the U.S. topped 125,000 in April, according to real estate data and analytics firm, RealtyTrac. The RealtyTrac U.S. Foreclosure Activity Report for April, 2015 indicated that foreclosure filings jumped to their highest level in a year and a half after a dramatic jump in bank repossessions (REOs). REOs in April hit a 27-month high. Daren Blomquist, Vice President at RealtyTrac, is back with me on today’s episode of Big Money Real Estate to help break down the numbers. Spoiler alert: There’s good news to be found in the report, despite the intimidating foreclosure filing total. Here’s a link to RealtyTrac’s Foreclosure Activity Report for April, 2015: http://www.realtytrac.com/news/foreclosure-trends/april-2015-foreclosure-activity-report/ If you haven’t already, be sure subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And pick up my Intentional Investor Series on thinkglinkstore.com to learn everything you need to know to become a successful investor in real estate: http://thinkglinkstore.com/collections/frontpage/products/the-intentional-investor-complete-series Looking for more of my real estate and personal finance tips? Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink