Thursday, November 01, 2007

Foreclosure Filings Soar in 3rd Quarter

The cartoon from Jim Borgman nails the situation..... No surprise that almost every "heatmap" looks the same....

Dieser Cartoon von Jim Borgman trifft den Nagel auf Kopf....... Es sollte auch nicht weiter verwundern das sich nahezu alle ""Heatmaps" zum verwechseln ähneln...

Foreclosure Filings Soar in 3rd Quarter
A total of 446,726 homes nationwide were targeted by some sort of foreclosure activity from July to September, up 100.1 percent from 223,233 properties in the year-ago period, according to Irvine-based RealtyTrac Inc.

The current figure was 33.9 percent higher than the 333,731 properties in foreclosure in the second quarter of this year.


Nevada reported one foreclosure filing for every 61 households, with 16,817 filings on 12,982 properties.

That marked a 22.8 percent increase in filings from the previous quarter and a tripling from the year-ago quarter.

California led the nation in total foreclosure filings and reported one filing for every 88 households.

The state had 148,147 filings on 94,772 properties, an increase in filings of 36 percent from the previous quarter and nearly four times more than the year-ago period.

In Florida, there were 86,465 foreclosure filings on 60,992 properties during the third quarter, RealtyTrac said. Foreclosure filings rose 51.5 percent from the previous quarter and more than doubled from the same quarter last year.Florida's foreclosure rate amounted to one filing for every 95 households, RealtyTrac said.Rounding out the top 10 states in foreclosure rates were Michigan, Ohio, Colorado, Arizona, Georgia, Indiana and Texas.

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2 Comments:

Blogger Edgar said...

Is that gasoline coming out of that hose?

6:45 PM  
Blogger jmf said...

:-)

11:12 PM  

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