Friday, October 24, 2008

FORECLOSURES GREW BY OVER 70% IN U.S. IN Q3

FORECLOSURES GREW BY OVER 70% IN U.S. IN Q3

The Associated Press reported yesterday:

* Foreclosures grew by 70% in the 3rd quarter compared to 2007.

* 776,000 property owners received at least one foreclosure-related notice between July and September.

* RealtyTrac expects more than one million bank-owned properties to be on the market by the end of this year.

*One third of all homes for sale in the U.S. are bank-owned currently.

Link to article: http://www.msnbc.msn.com/id/27329406/from/ET/

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