Foreclosures up Again

Thursday, October 23, 2008 - By Gate Arty

RealtyTrac announced today that foreclosure filings were up 71% nationwide, in the third quarter over the same period last year.  Astoundingly, approximately 766,000 homeowners had a sheriff show up at the door and with a foreclosure complaint in hand! Six states made up for nearly 60% of the list: Arizona, California, Florida, Michigan, Ohio, and Nevada.  Most respected experts believe that this trend will continue well into 2010 as the market absorbs the inventory that is just now coming online.

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