Foreclosure rates up 25% over last year
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Fin Fan In Caliluxury_boxOPNov 13, 2008, 10:16 AM
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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