Growth

US foreclosures nearly double within a year

by Staff Reporter•Friday, 30 Nov 2007•7 minute read

US home foreclosures have nearly doubled in a year – highlighting how many homeowners were falling behind on mortgage payments and losing their homes as a result of the US sub-prime fallout.

A total of 224,451 foreclosure filings were reported across the country in October, up 94 per cent from the same time a year ago, says online real estate company RealtyTrac.

You’re out of free articles for this month

To continue reading the rest of this article, please log in.

Looking for more benefits? Become a Premium Member.

Create free account to get unlimited news articles and more!

Looking for more benefits? Become a Premium Member.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from The Adviser. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

The filings include default notices, auction sale notices and bank repossessions.

Read the latest issue of The Adviser magazine!

The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers

US foreclosures nearly double within a year

Latest Poll

Do you think that more people are needing specialist finance now than ever before?

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED