US Foreclosure Filings Surge 55 Percent

By: Associated Press Email
By: Associated Press Email

Washington (AP) The decline in the housing market continues to deliver bad news.

The number of foreclosure filings grew by 8 percent last month compared to June. That's also up 55 percent compared to July of last year.

Realtytrac Incorporated says more than 272,000 homes received at least one foreclosure-related notice in July. That comes out to one out of every 464 U.S. households.

Realtytrac monitors default notices, auction sale notices and bank repossessions.

More than 77,000 properties were also repossessed in July.

The highest foreclosure rates are found in Nevada, California, florida, Arizona, Ohio, Georgia and michigan.

Forty-two states saw foreclosure filings increase compared to a year ago.

KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 26953809 -
Gray Television, Inc.