More than 20,000 Valley properties in foreclosure
May 6th, 2008, 11:49 am · Post a Comment · posted by mistywilliams
The number of pending foreclosures in the Valley climbed to 20,407 in April — up from 5,385 reported at the same time last year, according to a recent study.
Some 6,143 properties received notices of foreclosure last month alone and another 2,968 were actually foreclosed on, according to Valley research company Information Market.
Tom Ruff, a partner in the firm, said that foreclosures could peak in the third quarter of this year, but whether things settle down by then is anybody’s guess.
