June Foreclosure Rates Up - KCBD NewsChannel 11 Lubbock


June Foreclosure Rates Up

June's foreclosure rates in the United States have jumped by more than 50 percent over last year's numbers. 

According to Realty Trac, more than a quarter million homes received a foreclosure notice in June, another 71,000 were repossessed.

Economists say there will be two and a half million homes in foreclosure this year, up by a million over 2007.

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