Wednesday, June 13, 2007

U.S. Mortgage Foreclosure Filings Rise 90% in May

no levelling off so far........ the good news is that according to the FED the impact is "contained"...... :-(

bis hierher noch keinerlei abschwächung.....die gute seite der nachricht ist das lt. FED die probleme im immobilienmarkt ja nur begrenzte auswirkungen auf die restliche wirtschaft haben...... :-(

June 12 (Bloomberg) -- U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.

There were 176,137 notices of default, scheduled auctions and bank repossessions last month, led by California, Florida and Ohio, the Irvine, California-based seller of foreclosure data said in a report today. ......The filings rose 19 percent from April.
Ranked by the number of foreclosure filings, California topped the list, with 39,659 in May, and Florida was No. 2, with 21,704. Ohio was No. 3 for the third consecutive month. It had 13,214 filings, said the report. Rather than count the number of unique households in foreclosure, the study counts the number of foreclosure-related legal filings, which could result in some properties being double- or triple-counted.
Nevada, Colorado
Taking into account the number of homes, Nevada was the No. 1 state, with one filing for every 166 households. Colorado was second, with one filing for every 290 households, followed by California, Florida, Ohio, and Arizona.

In the report, 43 regions reported an increase in foreclosure filings from a year ago, including the District of Columbia, and eight states had a decline.

thanks to the excellent site !

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