Filed under: Market matters, Personal finance, Housing

Records were set again as RealtyTrac released its foreclosure statistics for the third Quarter — 446,726 homes nationwide were targeted with some type of foreclosure activity between the months of July and September. That’s double the number facing foreclosure for the same period one year ago and 33.9% higher than the second quarter.

Nevada tops the list with one in every 61 households facing foreclosure. California’s foreclosure filings hit one in every 88 households and Floridians face foreclosure in one of every 95 households. Other states hardest hit include Michigan, Ohio, Colorado, Arizona, Georgia, Indiana and Texas. Nationwide, one in every 196 households are facing foreclosure according to RealtyTrac. Indications are that many of these foreclosures are being driven by real estate investors rather than homes occupied by home owners.

Continue reading Foreclosures hit new records in third quarter

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This entry was posted on Thursday, November 1st, 2007 at 11:31 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.