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More Than 2 Million Families Lost Their Homes in 2008 - Foreclosure Filings up 71 Percent in Q3

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posted on Oct, 23 2008 @ 09:43 AM
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Foreclosure Filings up 71 Percent


features.csmonitor.com

WASHINGTON (AP) — The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday.

Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier, said foreclosure listing service RealtyTrac Inc.

By the end of the year, RealtyTrac expects more than a million bank-owned properties to have piled up on the market, representing around a third of all properties for sale in the U.S.
(visit the link for the full news article)



[edit on 23-10-2008 by Mdv2]




posted on Oct, 23 2008 @ 09:43 AM
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And the situation is getting worse by day.

The follow graphs should give you an indication of how fast the amount of foreclosures is increasing:



766,000 families lost their home in one quarter In 2008 alone more than 2 million families lost their homes.

features.csmonitor.com
(visit the link for the full news article)

[edit on 23-10-2008 by Mdv2]



posted on Oct, 23 2008 @ 09:53 AM
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Originally posted by Mdv2


766,000 families lost their home in one quarter In 2008 alone more than 2 million families lost their homes.

[edit on 23-10-2008 by Mdv2]


Fear mongering or misinformation?

They said notices where given to 766k families..

I believe your statement would be more correct if it included... "766,000 families might have lost their home in one quarter..."



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