Foreclosures during March were up 57% from the same month in 2007, according to RealtyTrac. One in every 538 U.S. households got a foreclosure filing during the month, totalling nearly 235,000 properties.
“On a year-over-year basis, default notices were up nearly 57% and bank repossessions were up nearly 129%, but auction notices were up only 32%, indicating that more defaulting homeowners are simply walking away and deeding their properties back to the foreclosing lender," said James J. Saccacio, chief executive officer of RealtyTrac.
Tuesday, April 15, 2008
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