U.S. Foreclosure Inventory Reaches Peak for 2004, Announces Foreclosure.com

U.S. Foreclosure Inventory Reaches Peak for 2004, Announces Foreclosure.com

Year-End Spike in New Foreclosure Inventory Indicates Strong Foreclosure Investment Opportunities to Begin 2005

BOCA RATON, Fla., Jan. 5 /PRNewswire/ -- According to data released today by online foreclosure listing service, Foreclosure.com, 34,446 new foreclosed residential properties were listed for sale in the U.S. during December 2004. The total number of U.S. residential foreclosure properties available for sale in the U.S. during the month of December was 83,573. This inventory level marks the highest number of available properties in 2004.

"Based on current inventory, the time to invest in foreclosed properties is now. A decline in delinquency rates and strong economic indicators in the second half of 2004 will likely result in a dip in new foreclosure inventory during 2005," said Greg Sullivan, vice president and co-founder, Foreclosure.com. "But, December's inventory shows that the foreclosure investment opportunity is peaking. The rise in new foreclosure inventory in the past month will help keep foreclosure investment opportunities high for the first few months of 2005."

Note to Editors: Data includes foreclosed properties in the 50 states and the District of Columbia.

ALASKA
Total Properties: 55
New Foreclosures: 30

ALABAMA
Total Properties: 1829
New Foreclosures: 573

ARKANSAS
Total Properties: 915
New Foreclosures: 365

ARIZONA
Total Properties: 807
New Foreclosures: 333

CALIFORNIA
Total Properties: 129
New Foreclosures: 65

COLORADO
Total Properties: 2379
New Foreclosures: 1136

CONNECTICUT
Total Properties: 281
New Foreclosures: 148

DISTRICT OF COLUMBIA
Total Properties: 12
New Foreclosures: 3

DELAWARE
Total Properties: 91
New Foreclosures: 38

FLORIDA
Total Properties: 1498
New Foreclosures: 754

GEORGIA
Total Properties: 6039
New Foreclosures: 2120

HAWAII
Total Properties: 15
New Foreclosures: 9

IOWA
Total Properties: 991
New Foreclosures: 413

IDAHO
Total Properties: 615
New Foreclosures: 260

ILLINOIS
Total Properties: 2929
New Foreclosures: 1346

INDIANA
Total Properties: 5137
New Foreclosures: 2242

KANSAS
Total Properties: 1111
New Foreclosures: 509

KENTUCKY
Total Properties: 1506
New Foreclosures: 569

LOUISIANA
Total Properties: 1208
New Foreclosures: 547

MASSACHUSETTS
Total Properties: 118
New Foreclosures: 49

MARYLAND
Total Properties: 756
New Foreclosures: 387

MAINE
Total Properties: 142
New Foreclosures: 47

MICHIGAN
Total Properties: 6028
New Foreclosures: 2550

MINNESOTA
Total Properties: 744
New Foreclosures: 303

MISSOURI
Total Properties: 2622
New Foreclosures: 1049

MISSISSIPPI
Total Properties: 1152
New Foreclosures: 381

MONTANA
Total Properties: 169
New Foreclosures: 85

NORTH CAROLINA
Total Properties: 5355
New Foreclosures: 1690

NORTH DAKOTA
Total Properties: 78
New Foreclosures: 22

NEBRASKA
Total Properties: 505
New Foreclosures: 196

NEW HAMPSHIRE
Total Properties: 32
New Foreclosures: 18

NEW JERSEY
Total Properties: 469
New Foreclosures: 182

NEW MEXICO
Total Properties: 715
New Foreclosures: 315

NEVADA
Total Properties: 219
New Foreclosures: 98

NEW YORK
Total Properties: 2129
New Foreclosures: 778

OHIO
Total Properties: 7277
New Foreclosures: 2819

OKLAHOMA
Total Properties: 1678
New Foreclosures: 754

OREGON
Total Properties: 791
New Foreclosures: 355

PENNSYLVANIA
Total Properties: 3642
New Foreclosures: 1368

RHODE ISLAND
Total Properties: 6
New Foreclosures: 3

SOUTH CAROLINA
Total Properties: 2896
New Foreclosures: 1094

SOUTH DAKOTA
Total Properties: 98
New Foreclosures: 31

TENNESSEE
Total Properties: 3471
New Foreclosures: 1287

TEXAS
Total Properties: 9928
New Foreclosures: 5089

UTAH
Total Properties: 1043
New Foreclosures: 479

VIRGINIA
Total Properties: 811
New Foreclosures: 275

VERMONT
Total Properties: 31
New Foreclosures: 10

WASHINGTON
Total Properties: 1491
New Foreclosures: 690

WISCONSIN
Total Properties: 1069
New Foreclosures: 381

WEST VIRGINIA
Total Properties: 485
New Foreclosures: 170

WYOMING
Total Properties: 76
New Foreclosures: 31


About Foreclosure.com


Based in Boca Raton, Florida, Foreclosure.com is committed to delivering the most comprehensive, up-to-date database of residential foreclosure and FSBO properties in the United States to its customers and business partners through its cost-effective, Web-based subscription service. Through the company's work with hundreds of the top lending institutions and government agencies, Foreclosure.com has access to the nation's largest inventory of residential foreclosure real estate, including Real Estate-Owned (REO) properties; Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Fannie Mae, and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers. On the Net: http://www.foreclosure.com/

Irene Savage/Tristam Wallace
Harpell, Inc.
781-274-9148/781-274-8710
isavage@harpell.com/twallace@harpell.com


Source: Foreclosure.com

CONTACT: Irene Savage, +1-781-274-9148, isavage@harpell.com or Tristam
Wallace, +1-781-274-8710, twallace@harpell.com, both of Harpell, Inc.

Web site: http://www.foreclosure.com/


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