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January Foreclosures Down from December, But up Year-Over-Year
Foreclosure filings – which include default notices, scheduled auctions and bank repossessions - fell nearly 10% in January from December, but were up 15% compared to January 2009, RealtyTrac reported. The report showed that one in every 409 U.S. housing units received a foreclosure filing in January. The number of people who actually had their homes repossessed jumped 31% from January 2009 to 87,648, but fell 5% from December’s level. “January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a 10% drop in January,” said James J. Saccacio, CEO of RealtyTrac.
“If history repeats itself, we will see a surge in the
numbers over the next few months as lenders foreclose on
delinquent loans where neither the existing loan
modification programs or the new short sales and
deed-in-lieu of foreclosure alternatives works.”
Foreclosure filings dropped 18% year-over-year in Nevada
in January, but it still remained the nation's leading
foreclosure state with one household in every 95 receiving
at least one filing during the month. Arizona was the
second-worst performer, with one household in every 129
receiving a filing. Florida and California followed with one
in every 187 households.
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Date Last Updated: 02/12/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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