Foreclosure tsunami hits high-end homes
By SteveBergsman • Mar 12th, 2010 • Category: Foreclosure, Real Estate NewsAs unemployment persists, more affluent borrowers facing inevitable
Full article: Foreclosure tsunami hits high-end homes ...
As unemployment persists, more affluent borrowers facing inevitable
Full article: Foreclosure tsunami hits high-end homes ...
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One in every 45 housing units in the United States was the subject of a foreclosure notice during the year just ended, and the number may still be heading up according to data released today by RealtyTrac. Over 3.95 million foreclosure filings of all types were served against U.S. homeowners, a 21 percent increase in foreclosure notices over 2008 and a 120 percent increase over 2007. The number of properties against whose owners the actions were served represented 2.21 percent of all U.S. housing units compared to 1.84 percent in 2008 and 1.03 percent in 2007. In December a total of 349,519 properties were involved in some foreclosure action, 14 percent higher than in November and a 15 percent increase over the previous December. December 2008 had shown a similar jump over the previous month…(read more)
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