(Queen Anne's County foreclosure properties-to come)
An online marketplace for foreclosure properties, released its Midyear 2007 U.S. Foreclosure Market Report, which shows a total of 925,986 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 573,397 properties nationwide during the first six months of the year, up more than 30% from the previous six-month period and up more than 55% from the first six months of 2006.
The report also shows a foreclosure rate of one foreclosure filing for every 134 U.S. households for the first half of the year.
“Despite a slight drop in June, foreclosure activity shows no sign of slowing down,” noted James J. Saccacio, chief executive officer of RealtyTrac. “Based on the rate of foreclosure activity in the first half of 2007, we could easily surpass 2 million foreclosure filings by the end of the year, which would represent a year-over-year increase of over 65 percent.”
Nevada, Colorado, California post top foreclosure rates
The bottom line, is that no matter how you count — by individual households or by the total number of foreclosure filings — foreclosure activity is up significantly in 2007.
For more information, visit http://www.realtytrac.com/
or http://donotlist.blogspot.com/2007/08/md-bubble-economy-feels-chill-wind-from.html
