Monday, August 27, 2007

Number of Foreclosures in July

Foreclosures rose 93 percent over July of 2006, and rose 9 percent from foreclosures in June 2007. There were 179,599 foreclosures reported in July - that's up 92,845 from the same time in 2006. And there were 164,644 foreclosures in June 2007. This is from RealtyTrac, Inc. an Irvine California based company. We would provide a link, but their site launches a bot for ErrorProtector spyware. Use this link to delete:

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The national figures are one foreclosure for every 693 households in July 2007. Most states, 43 of them, had year by year increases in foreclosures. Five states, Georgia, Ohio, Michigan, California, and Florida, accounted for more than half of the filings. Filings are default notices, bank repossessions, and auction sales.

Nevada holds the record for the highest foreclosure rate with one for every 199 homes - more than three times the national average. 5,116 filings during the month.

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