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Here’s some numerical perspective from the last four foreclosure reports from a nameless title company without a firewall.
May 29 Report
201 NODs 190 NOTs 101 REOs
June 5 Report
222 NODs 139 NOTs 32 REOs
June 11 Report
92 NODs 55 NOTs 71 REOs
June 19 Report
699 NODs 333 NOTs 255 REOs
One data point doesn’t qualify as a trend but the latest report is very disturbing.