Foreclosure Filings Rise 93%

(August 21st, 2007 under Announcements)

“Foreclosure filings rose 9 percent from June to July and surged 93 percent over the same period last year, with Nevada, Georgia and Michigan accounting for the highest foreclosure rates nationwide, a research firm said Tuesday.”

The national foreclosure rate in July was one filing for every 693 households, the firm said.
“While 43 states experienced year-over-year increases in foreclosure activity, just five states — California, Florida, Michigan, Ohio and Georgia — accounted for more than half of the nation’s total foreclosure filings,” said RealtyTrac Chief Executive James J. Saccacio.
Nevada posted the highest foreclosure rate: one filing for every 199 households, or more than three times the national average. It reported 5,116 filings during the month, an increase of 8 percent from June.
Georgia’s foreclosure rate was more than twice the national average, with one filing for every 299 households. The state reported 12,602 foreclosure filings, up 75 percent from June.
Michigan reported 13,979 filings in July, a 39 percent spike from June.”
Here is a link to the whole article:

http://biz.yahoo.com/ap/070821/foreclosure_rates.html?.v=5

Mike


This entry was posted on Tuesday, August 21st, 2007 at 12:52 pm and is filed under Announcements.


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