Thursday, February 16, 2012

Realty Trac Says...Foreclosures on the Rise, Again

I heard a news report this morning quoting some negative statistics from Realty Trac.

On a country-wide basis, foreclosures are on the rise, again.
How much?... A three percent increase from last month.

Last year, in a large portion of the country, foreclosures were down dramatically...but it seems this was more a result of processing delays than an improvement in the market. This months increase is probably the result of the ending of these "processing delays".

According to Realty Trac "one in every 624 households in the US received a foreclosure filing in January, 2012.

Realty Trac is also reporting that Massachusetts experienced a huge 75% increase in foreclosures when comparing year over year.

Even considering this massive spike in Massachusetts, Nevada still remains the state with the highest foreclosure rate in the country... One in every 198 households in Nevada have received a filing.

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