Overall Foreclosures up 48%


The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007.

Foreclosure filings of all kinds, including default notices, notices of sheriff's sales and bank repossessions, were up 48% from May 2007, according to the latest release from RealtyTrac, the online marketer of foreclosed properties. Filings increased 7% from April

So, while overall is a 48% increase the real number is the actual number of families who lost their homes, up %158 from a year ago.

Subject Meta: 

Forum Categories: