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2.2 Million Foreclosure Filings in 2007
Source: RealtyTrac
Date: Tue, 29 Jan 2008
RealtyTrac® an Irvine, California based firm that bills itself as the "leading online marketplace" released its 2007 U.S. Foreclosure Market Report on Tuesday which revealed that, during 2007, more than 2.2 million foreclosure filings were logged against 1.3 million properties nationwide. Measured activities include default notices, auction sale notices and actual bank repossessions of real property. This is a 75 percent increase over the rate of filings in 2006, a figure that looks even starker when one realizes that 2006 was not a particularly good year for homeowners either. The 2007 figure is 149 percent higher than totals for 2005. |
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