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Foreclosure Activity Increases 9% in July

by Michael Stark, SouthernCaliforniaBroker.com on August 23, 2007
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RealtyTrac, the leading online marketplace for foreclosure properties, today released its July 2007 U.S. Foreclosure Market Report, which shows a total of 179,599 foreclosure filings, default notices, auction sale notices and bank repossessions, were reported during the month, up 9 percent from the previous month and up 93 percent from July 2006. The report also shows a national foreclosure rate of one foreclosure filing for every 693 households for the month. Read More: Foreclosure Activity Increases 9 Percent in July

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