RIS Media reports that the National Short Sale Center is expecting record setting number of foreclosures for the 2nd Quarter of 2009. 1 million nationwide.
"We’re returning to pre-moratorium percentages, with a rather large initial increase in the second quarter as properties that have been in the moratorium flood through,” says Travis Hamel Olsen, president of National Short Sale Center. “From our data, we are forecasting more than one million foreclosure filings in the second quarter of 2009.”"
More info at
Foreclosure Tsunami Expected in Second Quarter of 2009 | RISMedia