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Foreclosures Up Sharply Nationwide

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By Admin on August 21, 2007 9:20 AM

Nationwide foreclosure filings increased nine percent from June 2007 to July 2007, and saw a sharp increase of 93 percent from July 2006 to July 2007. The Washington Post is reporting that "179,599 foreclosure filings were reported during July, up from 92,845 in the year-ago month...A total of 164,644 foreclosure filings were reported in June." According to MSNBC, "lawmakers on Capitol Hill are considering various measures to restore a mortgage market now in disarray."