Posted on Monday, January 18, 2010
According to RealtyTrac the number hit 3,957,643 on 2,824,674 properties. That’s a 21% increase over 2008 and 120% over 2007. 1 in every 45 US housing units. In Nevada that number is 1 in every 10. Followed by Arizona and Florida and then California. These four states account for more than 50% of all foreclosures. Numbers would have been higher but for various lender moratoriums and delays to comply with new state laws.
Filings in December were 349,519, up 14% from the month before and 15% from December 2008.