Tuesday, September 15, 2009

Foreclosures top 18% increase over same period in 2008


RealtyTrac, an online tracker of Foreclosures reports that foreclosure filings are up 18% over the same period in 2008. Compared with July's numbers, August dropped by 1%.

The foreclosure filings include default notices, scheduled auctions and bank repossessions - 358,471 U.S. properties were total reported.

Ouch, that's a lot of homes!

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