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Foreclosure rates up 25% over last year

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 13, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Foreclosure rates up 25 percent year-over-year - Yahoo! News


    More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 percent over September, according to RealtyTrac Inc. One in every 452 housing units received a foreclosure filing, such as a default notice, auction sale notice or bank repossession.


    In Nevada, one in every 74 homes received a foreclosure filing last month. Arizona saw one in every 149 housing units receive a foreclosure filing, and in Florida it was one in every 157 homes.
    Other states in the top 10 were California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio.
     

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