Saturday, January 24, 2009
Foreclosures Up in 2008
No surprise here ... unless you are surprised by the numbers ... "A total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during 2008, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006, according to the RealtyTrac 2008 U.S. Foreclosure Market Report™"."
Especially hard hit were the states of Nevada, California, Florida and Arizona.
To read more, including a state-by-state graph: RealtyTrac 2008 U.S. Foreclosure Market Report