Foreclosure Woes Almost Doubles Since Last Year

Daily Real Estate News  |  November 29, 2007Year-Over-Year Foreclosure Filings Double
U.S. foreclosure filings were up 94 percent in October compared with the same month the previous year, according to RealtyTrac, which tracks and sells foreclosures.

The U.S. had one foreclosure filing for every 555 households in October, RealtyTrac said.

Foreclosure filings were up in 45 states, year over year, but the filings have declined slightly since they hit a high in August.

The states with the highest foreclosure filing rates in the country last month were in order from the highest: Nevada, California, Florida, Ohio, Georgia, Michigan, Colorado, Arizona, Indiana and Illinois.

Source: The Associated Press, Alex Veiga (11/29/2007)

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