Firm Reports Year-End Foreclosure Spike

Published January 06, 2005, 3:00 p.m. EST

1 Min Read

Foreclosure.com, an online foreclosure listing service based in Boca Raton, Fla., says the number of foreclosure properties available for sale in the U.S. reached a 2004 peak in December.The company reported that 34,446 new foreclosed residential properties were listed for sale during December, and the total number of residential foreclosure properties available for sale rose to 83,573. Despite the spike in the foreclosure inventory near the end of 2004, Foreclosure.com president Greg Sullivan predicts that declining delinquency rates and strong economic indicators "will likely result in a dip in new foreclosure inventory during 2005." The company can be found online at http://www.foreclosure.com.

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