Housing Crisis: 243,000 US Homes in Foreclosure and Counting

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May 14th, 2008 | By Contrarian Profits | Category: Featured, Financial News

US foreclosure filings climbed 65% and bank seizures more than doubled in April from a year earlier as mortgage industry efforts to modify loans fell short, reports Bloomberg.

More than 243,300 properties were in some stage of foreclosure, the highest monthly total since RealtyTrac Inc., a seller of default data, began in January 2005. One in every 519 households received a filing and Nevada, California and Florida had the highest rates. Filings rose 4 percent from March.

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More on this topic (What's this?)

Why Housing Prices Will Keep Dropping in Value (Investment U, 8/28/09)

We're All Going to Pay For the Housing Mess (Gold Versus Paper, 9/19/09)

Fraud and Propaganda - The Norm (Gold Versus Paper, 9/25/09)

Read more on Foreclosure, U.S. Housing Market at Wikinvest

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Tags: Brian Hunt, foreclosures, housing crisis, Housing Slump, National Association Of Consumer Advocates, Real Estate Sector, Realtytrac Inc

By Contrarian Profits

May 27, 2008 -- Housing Crisis: Case-Shiller Index Reveals 13% Price Drop
June 12, 2009 -- Two Reasons Why the Worst Is Yet to Come for Housing
June 3, 2009 -- Why US Housing ‘Stabilization’ Is the Mother of All Head Fakes

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