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US Mortgage Foreclosures
What do U.S. mortgage foreclosures mean to many businesses? Based on current market data, CRL now projects that some 2.4 million foreclosures will occur in 2009, and 9 million between 2009-2012. According to the National Association of Realtors, almost half of all home sales today are foreclosures or "short sales" of properties sold at substantial discounts. The majority of these homes have been severely neglected - leaving it up to the new homeowners to spend money on protecting their new investment. Businesses that target these new homeowners as soon as they close escrow will certainly increase their sales and grow their revenue despite the economy. Get your HMSI new homeowners mailing list TODAY!