HUD Homes Articles | Foreclosures hit another record high in August. There were 304,000 homes in some stage of default last month, and 91,000 families lost their homes.
More than 770,000 homes have been repossessed by lenders since August 2007, when the credit crunch took hold.
The report from RealtyTrac, an online marketer of foreclosures properties, is the latest in string of bad news for housing.
Foreclosure filings of all kinds, including notices of defaults, notices of auctions and bank repossessions, grew 12% in August over July, and 27% compared with August 2007.
Read the full August foreclosures hit another record high story
| 3.6 (2 people) |
This work, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
Tags: auctions, bank repossessions, Foreclosures
Stumble it
Digg it
Deli.icio.us
Technorati
