Foreclosures Jump 57% in January
American homeowners continue to struggle in their efforts to get out of debt, as January saw an overall increase of foreclosure…a 57% increase to be exact.
This morning, CNN reported:
Foreclosure filings nationwide soared 57% in January over the same month last year - another indication that the nation’s housing woes are deepening.
A study released Tuesday by RealtyTrac, an online marketer of foreclosure properties, showed that 233,001 homes were affected, 8% more than in December. Of that total, 45,327 homes were lost to bank repossessions.
While relative to a year ago this number seems large, compared to current rates there has been only a meager 8% growth in Foreclosures. Still an eye opener, but perhaps more manageable.
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