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June 6, 2007

3

Foreclosures to Rise 33% This Year!

by Bob Schwartz

FrownLast year, more than 1.2 million foreclosure filings nationwide were recorded by RealtyTrac, a Web site that compiles default notices, auction sales and bank repossessions. That’s up 42 percent from 2005. Based on filings for the first two months of 2007, RealtyTrac’s CEO James J. Saccacio forecast a 33 percent rise in foreclosures this year.[tags]foreclosures, real estate, real estate foreclosures, real estate bubble, housing bubble[/tags] downtown San Diego condos

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3 Comments
  1. Riverside attorney
    Jun 12 2007

    Within the next few months, foreclosures will be going way up. This is just the start!
    Riverside attorneys

  2. acne medicine
    Jun 12 2007

    What are all those who said there was no bubble, saying now???
    acne treatments

  3. San Diego plastic surgery
    Mar 21 2008

    It’s pretty bad in South Florida, too. I’ve lost about 18% on my home within the last 18 months. Ouch!
    I was reading the other day that we’ve lost $2.2 trillion in home equity in the US. That’s alot of money out of economy.

    kristin
    San Diego County Cosmetic Surgery

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