Highest Foreclosure Rates: CA, NV and FL
RealtyTrac, the leading online marketplace for foreclosure properties, today released its March 2008 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 234,685 properties nationwide during the month, a 5% increase from the previous month and a 57% increase from March 2007. The report also shows one in every 538 U.S. households received a foreclosure filing during the month. Nevada, California, Florida has the top state foreclosure rates (see map above), and California, Florida, Ohio reported the highest foreclosure totals.
1 Comments:
interesting to point out that simply because 1:538 received foreclosure notices, that doesn't mean that 1:538 families or individuals are losing their homes due to poor credit choices.
Many (most? at least some) of those would be people who purchased additional houses with hopes of selling...
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