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Foreclosures Soar 81%

States where property prices spiked during boom now seeing highest foreclosure rates

By Rob Quinn, Newser Staff

Posted Jan 15, 2009 6:05 AM CST

(Newser) – Foreclosures rocketed 81% in the US during 2008, affecting one of every 54 households in the nation, reports Reuters. A total of 3.2 million foreclosures were filed, according to research firm Realtytrac. The hardest-hit states were Nevada, Florida, Arizona, and California, the same states... Read full story »

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Foreclosures Soar 81%

States where property prices spiked during boom now seeing highest foreclosure rates

real estate • mortgage • property • homeowners • foreclosures

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More Newser Stories

Facing Foreclosure? BofA to Let You Rent Your Home

New 'mortgage to lease' program kicks off in test markets

11% of US Homes Vacant

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BofA Severs Ties With ACORN

ACORN Housing advocated for homeowners facing foreclosure

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So-called rescue firms promise to negotiate lower rates, then take money and run

Congress Weighs Wider Home Tax Credit

$8K for first-time buyers may jump to $15K, apply to all sales

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