VVance
2489 Posts |
 Posted - 07/25/2008 : 06:27:52 AM
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CNNMoney.com
More foreclosure gloom
Friday July 25, 8:02 am ET
By Les Christie, CNNMoney.com staff writer
As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.
That's nearly triple the number from the same period in 2007.
A total of 739,714 foreclosure filings were recorded during that three-month period, up 14% from the first quarter, and 121% from the same period in 2007. That means that one of every 171 U.S. households received a filing, which include notices of default, auction sale notices and bank repossessions.
"Most areas of the country are seeing at least some increase in foreclosure activity," said James Saccadic, CEO of RealtyTrac, an online marketer of foreclosed homes. "Forty-eight of 50 states and 95 out of the nation's 100 largest metro areas experienced year-over-year increases in foreclosure activity."
http://biz.yahoo.com/cnnm/080725/072508_foreclosure_figures_up_again.html |
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