Thursday, April 30, 2009

Foreclosure Filings Up in Record Numbers

From CNNMoney.com, "Foreclosure filings in record jump":

Servicers initiated foreclosure proceedings against 290,000 mortgage borrowers,
a jump of nearly 20% from February's 243,000, and the highest monthly total
since the coalition began tracking data in mid-2007. Starts have risen by more
than a third since January.
From the beginning:

Since the mortgage meltdown hit in July 2007, 1,447,866 homes have been lost to
foreclosure.

Wow ... any end in sight?

Labels: