Last week, RealtyTrac reported no real letdown in the endless bad news on foreclosure filings. August foreclosure filings were reported on 358,471 U.S. properties, a slight decline of one percent from July but 18 percent over August 2008. We’re on track for a 4 million foreclosure year. Last year, foreclosure filings were reported on 2,330,483 U.S. properties, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006.At the current rate reported by RealtyTrac, we can expect 12 million total new foreclosures through 2012, 30 percent more than the most optimistic number of homeowners targeted by the government’s efforts.
The Tampa Bay area has been #2 in the U.S. for foreclosure filings since last year
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